Please highlight which of the choices is the right one, I believe it is d but would like some conformation. If you can please also explian why the other choices are wrong Starting from a long run equilibrium, without any policy intervention, the long run impact of atemporary adverse supply shock is that prices willreturn to the old level and output will be permanently lower.be permanently higher and output will be permanently lower.be permanently higher and output will be restored to its long run level.return to the old level and output will be restored to its long run level.

Introduction In economics, the long-run is a theoretical concept in which all markets are in…

Answered: Please highlight which of the choices…

Please highlight which of the choices is the right one, I believe it is d but would like some conformation. If you can please also explian why the other choices are wrong

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

Please highlight which of the choices is the right one, I believe it is d but would like some conformation. If you can please also explian why the other choices are wrong

Starting from a long run equilibrium, without any policy intervention, the long run impact of a
temporary adverse supply shock is that prices will
return to the old level and output will be permanently lower.
be permanently higher and output will be permanently lower.
be permanently higher and output will be restored to its long run level.
return to the old level and output will be restored to its long run level.

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