Suppose that during World War II the long-run aggregate supply curve shifted right. In order for price and output to have changed in the direction they did, what would have to have happened to aggregate demand?
a. It would have to have shifted left by less than aggregate supply shifted
b. It would have to have to shifted left by more than aggregate supply shifted.
c. It would have to have shifted right by less than aggregate supply shifted
d. It would have to have to shifted right by more than aggregate supply shifted.
d
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A. European Central Bank B. United Nations C. World Trade Organization D. International Human Rights Commission