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above diagram. If the price level rises above P1 because of an increase in aggregate demand, the: Multiple Choice long-run aggregate supply curve C will
above diagram. If the price level rises above P1 because of an increase in aggregate demand, the: Multiple Choice long-run aggregate supply curve C will shift upward. short-run aggregate supply curve B will automatically shift to the right. economy's output first will decline, then increase, and finally return to Q1. economy will move up along curve B and output will temporarily increase
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Intermediate Microeconomics and Its Application
Authors: walter nicholson, christopher snyder
11th edition
9781111784300, 324599102, 1111784302, 978-0324599107
