Other things the same,the aggregate quantity of output supplied will decrease if the price level
A) is lower than expected so that firms believe the relative price of their output has increased.
B) is lower than expected so that firms believe the relative price of their output has decreased.
C) is higher than expected so that firms believe the relative price of their output has increased.
D) is higher than expected so that firms believe the relative price of their output has decreased.
Correct Answer:
Verified
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