If the Price Level Turns Out to Be Lower Than

question 51

Multiple Choice

If the price level turns out to be lower than expected,

• A)businesses cut back production
• B)the potential output level decreases
• C)initially,the short-run aggregate supply curve shifts leftward; later,there is a downward movement along that curve
• D)initially,the short-run aggregate supply curve shifts leftward; later,there is an upward movement along that curve
• E)an expansionary gap develops

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