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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
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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