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E202 Ch12 SRAS
An increase in
5
Economics
Undergraduate 2
10/19/2011
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Term
the labor force or the capital stock
 Definition
moves to the right
Term
productivity
 Definition
moves to the right
Term
the expected future price level
 Definition
moves to the left
Term
workers and firms adjusting to having previously underestimated the price level
 Definition
moves to the left
Term
the expected price of an important resource
 Definition
moves to the left
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