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In the Aggregate Supply Relation, an Increase in Current Output

Question 6

Multiple Choice

In the aggregate supply relation, an increase in current output causes:


A) an increase in the expected price level and an upward shift of the AS curve.
B) a shift of the aggregate supply curve.
C) a change in the expected price level this year.
D) an increase in the current price level.
E) an increase in the markup over labour costs.

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