Which is the correct order once the AD or SRAS has shifted to start the inflation process? a. Prices increase in the shortage markets. b. Shortages develop in some markets. c. Prices throughout the economy rise.
Which is the correct order once the AD or SRAS has shifted to start the inflation process? a. Prices increase in the shortage markets. b. Shortages develop in some markets. c. Prices throughout the economy rise.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 36P: If inflation rises unexpectedly by 5, indicate for each of the following whether the economic actor...
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Which is the correct order once the AD or SRAS has shifted to start the inflation process?
a. Prices increase in the shortage markets.
b. Shortages develop in some markets.
c. Prices throughout the economy rise. 
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