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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
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 shoos
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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