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An Increase in the Expected Price Level Shifts the

Question 20

Multiple Choice

An increase in the expected price level shifts the


A) short-run and long-run aggregate supply curves left.
B) the short-run but not the long-run aggregate supply curve left.
C) the long-run but not the short-run aggregate supply curve left.
D) neither the long-run nor the short-run aggregate supply curve left.

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