vanthaloveu2015 vanthaloveu2015

07-05-2024
Business

Answered

Suppose the economy is currently in a short - run equilibrium where the price level is higher than expected and output is greater than potential. We can conclude that this short - run fluctuation was caused by
a. An increase in short - run aggregate supply
b. An increase in aggregate demand
c. A decrease in aggregate demand
d. A decrease in short - run aggregate supply

Answer :

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