A Decrease in the Expected Price Level Shifts Short-Run Aggregate

question 38

Multiple Choice

A decrease in the expected price level shifts short-run aggregate supply to the

• A)right,and an increase in the actual price level shifts short-run aggregate supply to the right.
• B)right,and an increase in the actual price level does not shift short-run aggregate supply.
• C)left,and an increase in the actual price level shifts short-run aggregate supply to the left.
• D)left,and an increase in the actual price level does not shift short-run aggregate supply.

---

Definitions:

Recency Effect

A memory bias that favors the recall of the most recently presented information over older information.

Complex Information

Information that is detailed, intricate, and challenging to understand or process.

Visible Demographic Group

A segment of the population that can be easily identified or recognized based on visible characteristics, such as race, gender, or age.

Johari Window

A model that helps people understand their relationship with themselves and others, involving four quadrants representing known, hidden, blind, and unknown aspects of one's self.