Multiple Choice
An increase in the general level of prices in the goods and services market that is accompanied by a short-run expansion in output is most likely caused by
A) an unanticipated decrease in aggregate demand.
B) an unanticipated increase in aggregate demand.
C) a favorable supply shock that shifts SRAS to the right.
D) an unfavorable supply shock that shifts SRAS to the left.
Correct Answer:

Verified
Correct Answer:
Verified
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