Question: Other things the same, the aggregate quantity of output supplied will increase if the price level is lower than expected so that firms believe

Other things the same, the aggregate quantity of output supplied will increase

Other things the same, the aggregate quantity of output supplied will increase if the price level is lower than expected so that firms believe the relative price of their output has increased. is lower than expected so that firms believe the relative price of their output has decreased. is higher than expected so that firms believe the relative price of their output has increased. is higher than expected so that firms believe the relative price of their output has decreased.

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