Multiple Choice
Suppose the price level is lower than expected.How will this affect output?
A) Businesses will decrease production.
B) Businesses will increase production.
C) Initially, the short-run aggregate supply curve will shift leftward, but later the movement will be downward along the curve.
D) Initially, the short-run aggregate supply curve will shift leftward, but later the movement will be upward along the curve.
Correct Answer:

Verified
Correct Answer:
Verified
Q117: Which of the following does NOT influence
Q118: In constructing the short-run aggregate supply curve,
Q119: Suppose resource suppliers and demanders find out
Q120: During a recession, how does output relate
Q121: What is the key resource underlying aggregate
Q123: Which of the following causes the capital
Q124: Which of the following occurs as macroeconomic
Q125: Which of the following is NOT assumed
Q126: Why does the short-run aggregate supply curve
Q127: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4905/.jpg" alt=" -Refer to the