Question: Provide a factor that would shift the short-run aggregate supply (SRAS) curve upward (and to the left). What does this shift in SRAS imply for
Provide a factor that would shift the short-run aggregate supply (SRAS) curve upward (and to the left). What does this shift in SRAS imply for inflation rate? Use the Aggregate Demand and Supply model to illustrate this event. Make sure you properly label all the axes and curves. (You only need to draw a shift in SRAS curve, no need to draw other curves).
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