Question: Assuming a fixed aggregate demand curve, a leftward shift in the aggregate supply curve causes a (an) a. increase in the price level and a
Assuming a fixed aggregate demand curve, a leftward shift in the aggregate supply curve causes a (an)
a. increase in the price level and a decrease in real GDP.
b. increase in the price level and an increase in real GDP.
c. decrease in the price level and a decrease in real GDP.
d. decrease in the price level and an increase in real GDP.
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