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A temporary "supply shock" will Select one: a. cause AD to shift down (or decrease). b. cause AD to flatten out (smaller slope). c. cause LRAS to rotate and slope upwards at a 45-degree angle. d. cause SRAS to shift either right (if it is a good shock) or left (if it is a bad shock).

A temporary "supply shock" will Select one: a. cause AD to shift down (or decrease). b. cause AD to flatten out (smaller slope). c. cause LRAS to rotate and slope upwards at a 45-degree angle. d. cause SRAS to shift either right (if it is a good shock) or left (if it is a bad shock).

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A temporary "supply shock" will

Select one:
a.

cause AD to shift down (or decrease).

b.

cause AD to flatten out (smaller slope).

c.

cause LRAS to rotate and slope upwards at a 45-degree angle.

d.

cause SRAS to shift either right (if it is a good shock) or left (if it is a bad shock).

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