An increase in the expected price level shifts the short-run aggregate supply curve to the right and an increase in the actual price level shifts SRAS to the left right and an increase in the actual price level does not shift the SRAS left, and an increase in the actual price level shifts SRAS to the right left and an increase in the actual price level shifts SRAS to the left
An increase in the expected price level shifts the short-run aggregate supply curve to the right and an increase in the actual price level shifts SRAS to the left right and an increase in the actual price level does not shift the SRAS left, and an increase in the actual price level shifts SRAS to the right left and an increase in the actual price level shifts SRAS to the left
Chapter20: Aggregate Demand And Supply
Section: Chapter Questions
Problem 7SQ
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An increase in the expected price level shifts the short-run
right and an increase in the actual price level shifts SRAS to the left |
||
right and an increase in the actual price level does not shift the SRAS |
||
left, and an increase in the actual price level shifts SRAS to the right |
||
left and an increase in the actual price level shifts SRAS to the left |
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