Multiple Choice
Suppose the actual price level is below the expected price level.Given implicit or explicit resource price agreements, what effect will this have on the short-run aggregate supply curve?
A) The economy will move rightward along the short-run aggregate supply curve.
B) The economy will move leftward along the short-run aggregate supply curve.
C) The short-run aggregate supply curve will shift to the left.
D) The short-run aggregate supply curve will become flatter.
Correct Answer:

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Correct Answer:
Verified
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