What Happens to Prices and Output When the Long-Run Aggregate-Supply

question 58

Multiple Choice

What happens to prices and output when the long-run aggregate-supply curve shifts left?

• A) Prices and output both increase.
• B) Prices and output both decrease.
• C) Prices increase and output decreases.
• D) Prices decrease and output increases.

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Definitions:

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Importance Gap

The discrepancy between the expected importance of an attribute or factor and its perceived performance, usually in the context of service or product evaluation.

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Contemporary tools, devices, and techniques used to facilitate tasks and solve problems in various domains, including communication, transportation, and healthcare.

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