Consider the exhibit below for the following questions. If the economy is in long-run equilibrium, then a negative (adverse) shift in short run aggregate supply would move the economy from C to [ Select ] in the short run and [ Select ] in the long run.

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Chapter10: Bringing In The Supply Side: Unemployment And Inflation?
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Consider the exhibit below for the following questions.
If the economy is in long-run equilibrium, then a negative (adverse) shift in short run aggregate supply would move the
economy from C to [ Select ]
in the short run and [ Select ]
in
the long run.
Transcribed Image Text:Consider the exhibit below for the following questions. If the economy is in long-run equilibrium, then a negative (adverse) shift in short run aggregate supply would move the economy from C to [ Select ] in the short run and [ Select ] in the long run.
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