Demand pull inflation is a situation in which a causes the economy to overheat. Rising input prices then pushes back to long-run equilibrium. O positive demand shock; SRAS to the left, O negative supply shock; LRAS to the left, O negative demand shock; SRAS to the right, O positive supply shock; LRAS to the right,

Demand pull inflation is a situation in which a causes the economy to overheat. Rising input prices then pushes back to long-run equilibrium. O positive demand shock; SRAS to the left, O negative supply shock; LRAS to the left, O negative demand shock; SRAS to the right, O positive supply shock; LRAS to the right,

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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hello, I know for sure that answer "positive supply shock; LRAS to the right,"

is wrong

Demand pull inflation is a situation in which a
causes the
economy to overheat. Rising input prices then pushes
back to
long-run equilibrium.
positive demand shock; SRAS to the left,
negative supply shock; LRAS to the left,
negative demand shock; SRAS to the right,
positive supply shock; LRAS to the right,

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