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Aggregate Supply
Short Run aggregate supply
What causes a movement of the SRAS curve?
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What causes a movement of the SRAS curve?:
A rise in the price level causes an
extension
in aggregate supply
A fall in the price level causes a
contraction
in aggregate supply
What causes a movement of the SRAS curve?:
A
rise
in the price level causes an extension in aggregate supply
A
fall
in the price level causes a contraction in aggregate supply