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THe economy is in a recession, with output below its full-employment level. If the Fed does not use policy to return the economy to long-run

THe economy is in a recession, with output below its full-employment level. If the Fed does not use policy to return the economy to long-run equilibrium, the short-run aggregate supply curve will eventually shift_____, and the price level will ___.

a. left; increase c. right; decline

b. left; decline d.right; increase

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