Suppose that the money prices of raw materials increase so that short-run aggregate supply decreases. If the SARB does not respond, the higher money price of raw materials will.; I. repeatedly shift the aggregate demand curve rightward and raise the price level.; II. shift the aggregate demand curve rightward and the aggregate supply curve leftward, raising prices., III. result initially in lower employment and a higher price level. Select one: a. I only b. III only c. both I and II d. both II and III

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