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AP® Macroeconomics

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Inflation and AS

APMACR-GAJKTE

If Short Run Aggregate Supply shifts left, then inflation increases.

What is the term that identifies the phenomenon where inflation rises and unemployment increases due to a decrease in SRAS?

A

Supply Room Shift

B

Minimum Wage Production Lag

C

Cost-Push

D

Demand-Pull

E

Reaganomics