Multiple Choice
In the aggregate demand-aggregate supply model, which of these changes is most likely when the cost of production increases in the long run?
A) a leftward shift of the short-run aggregate supply curve
B) a leftward shift of the short-run aggregate demand curve
C) a rightward shift of the short-run aggregate supply curve
D) an increase in the potential output level
E) a decrease in the actual price level
Correct Answer:
Verified
Correct Answer:
Verified
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