An increase in the actual price level does not shift the short-run aggregate supply curve, but an expected increase in the price level shifts the short-run aggregate supply curve to the left

Airline deregulation has led to: (i) lower prices; (ii) a deterioration of service to isolated communities

a. i and ii b. i but not ii c. ii but not i d. neither i nor ii

Refer to the table above. Which statement is correct about the change from 2004 to 2005?

The following table shows the foreign currency per U.S. dollar near the end of January of each year listed.



A. The Australian dollar depreciated in value relative to the U.S. dollar
B. The British pound appreciated in value relative to the U.S. dollar
C. The euro appreciated in value relative to the U.S. dollar
D. The Japanese yen appreciated in value relative to the U.S. dollar