A supply shock, such as the development of a new technology, production costs and shifts the short run aggregate supply curve Negative; lowers; rightward Negative, raises, leftward Positive; lowers; rightward Positive; raises; leftward

A supply shock, such as the development of a new technology, production costs and shifts the short run aggregate supply curve Negative; lowers; rightward Negative, raises, leftward Positive; lowers; rightward Positive; raises; leftward

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter14: Aggregate Demand And Supply

Section: Chapter Questions

Problem 4SQP

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Definition Definition Total supply of goods and services in an economy at a certain price level in a specific time period.

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Which only affects short run aggregate supply? Choose all that apply. Group of answer choices Inflationary expectations Input prices Saving Technology Number of resources
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