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In the Aggregate Demand-Aggregate Supply Model, Everything Else Remaining Unchanged

Question 55

Multiple Choice

In the aggregate demand-aggregate supply model, everything else remaining unchanged, an increase in production costs shifts the _____curve to the _____.


A) long-run aggregate supply; right
B) long-run aggregate supply; left
C) short-run aggregate supply; right
D) short-run aggregate supply; left

Correct Answer:

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