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Short-run aggregate supply

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Reference no: EM131243168

Ceteris paribus, a rightward shift of the short-run aggregate supply (SRAS) curve causes:

a. an increase in the price level, which in turn causes quantity demanded to fall

b. an increase in the price level, which in turn causes quantity demanded to rise

c. a decrease in the price level, which in turn causes quantity demanded to fall

d. a decrease in the price level, which in turn causes quantity demanded to rise

Reference no: EM131243168

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