If the short-run aggregate supply shifts left: a) Price level rises and output falls b) Price level falls and output rises c) Price level falls and output falls d) Price level rises and output rises
If the short-run aggregate supply shifts left: a) Price level rises and output falls b) Price level falls and output rises c) Price level falls and output falls d) Price level rises and output rises
Chapter20: Aggregate Demand And Supply
Section20.A: The Self Correcting Aggregate Demand And Supply Model
Problem 5SQ
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If the short-run
a)
b) Price level falls and output rises
c) Price level falls and output falls
d) Price level rises and output rises
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