Question: How does an increase in inflation expectations impact the short run aggregate supply curve? shifts the aggregate supply curve to the left because firm costs
How does an increase in inflation expectations impact the short run aggregate supply curve?
shifts the aggregate supply curve to the left because firm costs are now expected to be more expensive
shifts the aggregate supply curve the righ because firm costs are now expected to be more expensive
doesn't impact the short run aggregate supply curve at all because it impacts the aggregate demand curve only
doesn't impact the short run aggregate supply curve nor the aggregate demand curve
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