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If the Aggregate Supply Curve Shifts Leftward,then _____

Question 47

Multiple Choice

If the aggregate supply curve shifts leftward,then _____.


A) the price level increases and output increases
B) the resulting increase in the price level is usually called cost-push inflation
C) the resulting increase in the price level is usually called demand-pull inflation
D) the price level increases as long as the aggregate demand curve shifts rightward
E) the price level decreases and output increases

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