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9 October, 15:18

A leftward shift of the short run aggregate supply curve will illustrate

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  1. 9 October, 18:19
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    The immediate-short-run aggregate supply curve is constructed assuming both input and output prices are fixed. A leftward shift of the short-run aggregate supply curve would illustrate: Cost-push inflation is caused by an increase in production costs, such as that caused by an increase in energy prices.
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