match each of the characteristics to the situation with which they are most associated. 1.Positive demand shock 2.Negative demand shock 3.Positive supply shock 4.Negative supply shock         Answer Bank SRAS curve hits to the left Stagflation AD curve shifts to the left A positive shift that leads to a lower aggregate number SRAS curve shifts right AD curve shifts right A negative shift that leads to a lower aggregate price A negative shift that leads to a higher aggregate price A positive shaft that leads to a higher aggregate price

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Please match each of the characteristics to the situation with which they are most associated.
1.Positive demand shock
2.Negative demand shock
3.Positive supply shock
4.Negative supply shock

 
 
 
 

Answer Bank
SRAS curve hits to the left
Stagflation
AD curve shifts to the left
A positive shift that leads to a lower aggregate number
SRAS curve shifts right
AD curve shifts right
A negative shift that leads to a lower aggregate price
A negative shift that leads to a higher aggregate price
A positive shaft that leads to a higher aggregate price
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