Multiple Choice
An economy has experienced a rightward shift of its long-run aggregate supply curve and is now producing on that new long-run aggregate supply curve.It is reasonable to expect that:
A) the unemployment rate has fallen.
B) the unemployment rate has been unaffected.
C) the inflation rate has risen.
D) the price level has risen.
E) productivity has fallen.
Correct Answer:
Verified
Correct Answer:
Verified
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