Multiple Choice
An expansionary gap is closed in the long run by a(n) :
A) rightward shift of the short-run aggregate supply curve.
B) leftward shift of the short-run aggregate supply curve.
C) movement to the right along a fixed short-run aggregate supply curve.
D) increase in aggregate demand.
E) decrease in aggregate demand.
Correct Answer:
Verified
Correct Answer:
Verified
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