When Output Is Below Its Full-Employment Level,the Short-Run Aggregate Supply

question 64

Multiple Choice

When output is below its full-employment level,the short-run aggregate supply curve will shift down and to the right because

• A) the expected price level will be below the actual price level.
• B) workers' wages will decline.
• C) prices of nonlabor inputs will rise.
• D) workers' wages will rise.

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