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For each of the following events in the first column of the Table below, indicate what happens to the short-run aggregate supply (SRAS). Type your

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For each of the following events in the first column of the Table below, indicate what happens to the short-run aggregate supply (SRAS). Type your answer as for each as either "increase", "decrease", or "not change" Event Short-run aggregate supply (SRAS) will .... An increase in the price level An increase in what the price level is expected to be in the future. A price level that is currently higher that was expected (hint: think about "correction for errors in expectations) An unexpected increase in the price of an important raw material. An increase in the labor force participation rate

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