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    Principles of Economics Study Set 8
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    Exam 33: Aggregate Demand and Aggregate Supply
  5. Question
    An Increase in the Actual Price Level Does Not Shift
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An Increase in the Actual Price Level Does Not Shift

Question 20

Question 20

True/False

An increase in the actual price level does not shift the short-run aggregate supply curve, but an expected increase in the price level shifts the short-run aggregate supply curve to the left.

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