An Increase in the Actual Price Level Does Not Shift

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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Definitions:

Acetaldehyde

A colorless volatile compound with a pungent odor, used in the manufacture of acetic acid, perfumes, and flavors.

Deprotonated

Refers to the removal of a proton (H+) from a molecule, resulting in the formation of a negatively charged ion.

Resonance

A phenomenon in chemistry where a molecule or ion can be represented by two or more equivalent structures, indicating the delocalization of electrons.

Anion

A negatively charged ion, which has more electrons than protons.