Sustained increases in total output are possible if aggregate supply shifts to the left.

Name: Sustained increases in total output are possible if aggregate supply shifts to the left.
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Question

Quizplus · Accepted Answer

Sustained increases in total output are not possible if aggregate supply shifts to the left. A shift to the left indicates a decrease in the total quantity of goods and services produced at every given price level, resulting in a decrease in the potential for economic growth.

Sustained Increases in Total Output Are Possible If Aggregate Supply