Which of the following shifts the short-run, but not the long-run, aggregate supply right? a decrease in the price level O a decrease in the expected price level a decrease in the natural rate of unemployment a decrease in the savings rate How does an economic contraction that is caused by a shift in aggregate demand remedy itself over time? The expected price level rises, shifting aggregate demand right. The expected price level rises, shifting aggregate demand left. The expected price level falls, shifting aggregate supply right. The expected price level falls, shifting aggregate supply left.

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter8: Macroeconomic Equilibrium: Aggregate Demand And Supply
Section: Chapter Questions
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Which of the following shifts the short-run, but not the long-run, aggregate supply right?
a decrease in the price level
a decrease in the expected price level
a decrease in the natural rate of unemployment
a decrease in the savings rate
How does an economic contraction that is caused by a shift in aggregate demand remedy itself over time?
The expected price level rises, shifting aggregate demand right.
The expected price level rises, shifting aggregate demand left.
The expected price level falls, shifting aggregate supply right.
The expected price level falls, shifting aggregate supply left.
Transcribed Image Text:Which of the following shifts the short-run, but not the long-run, aggregate supply right? a decrease in the price level a decrease in the expected price level a decrease in the natural rate of unemployment a decrease in the savings rate How does an economic contraction that is caused by a shift in aggregate demand remedy itself over time? The expected price level rises, shifting aggregate demand right. The expected price level rises, shifting aggregate demand left. The expected price level falls, shifting aggregate supply right. The expected price level falls, shifting aggregate supply left.
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