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An Increase in Long-Run Aggregate Supply Can Be Expected to ________

question 120

Multiple Choice

An increase in long-run aggregate supply can be expected to ________ the price level and ________the natural rate of unemployment.


Definitions:

Tranquilizing Drugs

Medications used to reduce tension and anxiety, acting on the central nervous system to calm individuals.

Uncontrollable

Describing events or processes that cannot be managed, directed, or restrained.

Human-Made

Refers to objects, environments, or processes that are created or significantly altered by humans, as opposed to occurring naturally in the environment.

Familiar

Well known from long or close association, giving a sense of comfort or recognition.

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