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QUESTION 2 2 Which of the following is possible? A . An increase in the relative price of shoes causes a change in the aggregate
QUESTION
Which of the following is possible?
A An increase in the relative price of shoes causes a change in the aggregate supply curve.
B An increase in the relative price of shoes causes a change in the demand for shoes.
C An increase in the nominal price of shoes causes a change in the supply of shoes.
D An increase in the nominal price level causes a change in the aggregate demand.
E This is a trick question, none of the above are possible
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