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Maridaliz Rodriguez
on Nov 16, 2024

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

Expected Price Level

The anticipated average price of goods and services in an economy over a future period.

Short-Run Aggregate Supply

The total supply of goods and services that firms in an economy plan on selling during a specific time period, under the presumption of some fixed costs.

  • Examine the effects of technological advancements and anticipations on price indices and output levels.
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AAYUSH KESHRINov 22, 2024
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