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When Production Costs Rise, in the Short Run

Question 35

Multiple Choice

When production costs rise, in the short run:


A) the aggregate-supply curve shifts down to the right
B) the aggregate-demand curve shifts down to the left
C) the aggregate-demand curve shifts up to the right
D) the aggregate-supply curve shifts up to the left
E) both the aggregate-demand curve and the aggregate-supply curve shift to the left

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