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Given implicit or explicit resource price agreements, if the actual price level is below the expected price level, the: a. economy will move leftward along
Given implicit or explicit resource price agreements, if the actual price level is below the expected price level, the:
a. economy will move leftward along the short-run aggregate supply curve.
b. short-run aggregate supply curve will become flatter.
c. long-run aggregate supply curve will become steeper.
d. short-run aggregate supply curve will shift to the left.
e. economy will move rightward along the short-run aggregate supply curve.
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