Explain how each of the following events would affect the short-run aggregate supply curve. a. An increase
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a. An increase in the price level
b. An increase in what the price level is expected to be in the future
c. A price level that is currently higher than expected
d. An unexpected increase in the price of an important raw material
e. An increase in the labor force participation rate
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a A higher price level would cause a movement up along the shortru...View the full answer
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