Short-run aggregate supply changes the price level and unemployment, Price Level Unemployment. Decrease Decrease. Option B
Generally, Important word. A graphical model that illustrates the positive link between the aggregate price level and the quantity of aggregate production delivered in an economy is referred to as a short-run aggregate supply (SRAS) model.
In the short term, the aggregate supply reacts to greater demand (and prices) by raising the amount of already used inputs in the manufacturing process.
This is done in order to maximize output. In the short term, the level of capital is fixed, which means that a corporation cannot, for instance, establish a new plant or adopt new technology in order to boost production efficiency. In other words, the level of capital cannot rise.
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