Multiple Choice
Refer to the graph shown. If the price level is P1 the: 
A) short-run aggregate supply curve will shift up (to the left) in the long run to restore equilibrium.
B) short-run aggregate supply curve will shift down (to the right) in the long run to restore equilibrium.
C) aggregate demand curve will shift to the left in the long run to restore equilibrium.
D) aggregate demand curve will shift to the right in the long run to restore equilibrium.
Correct Answer:
Verified
Correct Answer:
Verified
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