The effects of a higher than expected price level are shown by
A)shifting the short-run aggregate supply curve right.
B)shifting the short-run aggregate supply curve left.
C)moving to the right along a given aggregate supply curve.
D)moving to the left along a given aggregate supply curve.

Question

Quizplus · Accepted Answer

A higher than expected price level will lead to an increase in output, which is shown by moving to the right along a given aggregate supply curve.

The Effects of a Higher Than Expected Price Level Are