Aggregate demand–aggregate supply model

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Reference no: EM131094826

To illustrate inflation inertia in an aggregate demand–aggregate supply model, the short-run aggregate supply curve shifts upward because of increases in ______, and the aggregate demand curve shifts upward because of increases in ______.

A) the expected price level; the money supply B) the money supply; the expected price level C) output; the price level D) the price level; output

Reference no: EM131094826

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