In the Aggregate Demand-Aggregate Supply Model, Everything Else Remaining Unchanged

question 55

Multiple Choice

In the aggregate demand-aggregate supply model, everything else remaining unchanged, an increase in production costs shifts the _____curve to the _____.

• A)long-run aggregate supply; right
• B)long-run aggregate supply; left
• C)short-run aggregate supply; right
• D)short-run aggregate supply; left

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Definitions:

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