A Decrease in the Expected Price Level Shifts

question 27

Multiple Choice

A decrease in the expected price level shifts

• A)only the long-run aggregate supply curve right.
• B)only the short-run aggregate supply curve right.
• C)both the short-run and the long-run aggregate supply curve right.
• D)Neither the short-run nor the long-run aggregate supply curve right.

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Definitions:

Compress

To press together or into less space.

Prime Mover

Muscle that plays a major role in accomplishing a movement.

Cause Movement

The initiation of change in position or motion in response to external or internal stimuli.

Named

Designated or given a specific title.