Refer to the graph shown. If the price level is P₁ the: A)short-run aggregate supply curve will shift up (to the left)in the long run to restore equilibrium. B)short-run aggregate supply curve will shift down (to the right)in the long run to restore equilibrium. C)aggregate demand curve will shift to the left in the long run to restore equilibrium. D)aggregate demand curve will shift to the right in the long run to restore equilibrium.

Question

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The Answer of Refer to the graph shown. If the price level is P₁ the: A)short-run aggregate supply curve will shift up (to the left)in the long run to restore equilibrium. B)short-run aggregate supply curve will shift down (to the right)in the long run to restore equilibrium. C)aggregate demand curve will shift to the left in the long run to restore equilibrium. D)aggregate demand curve will shift to the right in the long run to restore equilibrium.

Refer to the Graph Shown