Other things the same,an increase in the expected price level shifts
A)short-run aggregate supply right.
B)short-run aggregate supply left.
C)aggregate-demand right.
D)aggregated-demand left.

Question

Quizplus · Accepted Answer

An increase in the expected price level typically causes firms to anticipate higher costs, leading them to reduce output at any given price level, which shifts the short-run aggregate supply curve to the left.

Other Things the Same,an Increase in the Expected Price Level