Question
Everything else held constant, an increase in the cost of production shifts the short run aggregate ________ curve to the _________. Group of answer choices
Everything else held constant, an increase in the cost of production shifts the short run aggregate ________ curve to the _________.
Group of answer choices
supply, right
demand, right
demand, left
supply, left
If the output is below the natural unemployment rate level, advocates of active policy would recommend that the government ...............
Group of answer choices
do nothing.
try to eliminate the high unemployment by attempting to shift the aggregate demand curve to the left.
try to eliminate the high unemployment by attempting to shift the aggregate demand curve to the right.
try to eliminate the high unemployment by attempting to shift the aggregate supply curve to the right.
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