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18 July, 23:26

An increase in the expected price level shifts short-run aggregate supply to the

a. right, and an increase in the actual price level shifts short-run aggregate supply to the right.

b. right, and an increase in the actual price level does not shift short-run aggregate supply.

c. left, and an increase in the actual price level shifts short-run aggregate supply to the left.

d. left, and an increase in the actual price level does not shift short-run aggregate supply.

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  1. 19 July, 01:22
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    Answer: An increase in the expected price level shifts short-run aggregate supply to the D. Left, and an increase in the actual price level does not shift short-run aggregate supply.

    Explanation: Aggregate supply is the total supply of goods and services that are available in a given market. The producers have production levels match a specific amount of items and then disperse them to the market. As prices change, then quantity supplied and purchased fluctuates accordingly.
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