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The board of the central bank is analysing the impact of the latest survey on price level expectations. They have found that people and businesses now expect a higher price level than they did previously. The board would like to know what impact this will have on the state of aggregate supply in the short-run. What would you toll them being concise and using only words?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92000141

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