The price level rises in the short run if Group of answer choices aggregate demand or...

The price level rises in the short run if

Group of answer choices

aggregate demand or aggregate supply shifts left.

aggregate demand or aggregate supply shifts right.

aggregate demand shifts left or aggregate supply shifts right.

aggregate demand shifts right or aggregate supply shifts left.

None of the options is correct.

Solutions

Expert Solution

Only option D satisfies the given condition because in both the cases price level rises as given below

So the correct answer is option D

Rahul Sunny answered 1 year ago

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