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Exam 13: Inflation, Output and Economic Policy

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Exam 1: Economics for Business100 Questionsadd course
Exam 2: Consumers in the Marketplace101 Questionsadd course
Exam 3: Firms in the Marketplace100 Questionsadd course
Exam 4: Markets in Action100 Questionsadd course
Exam 5: Market Structure and Firm Performance100 Questionsadd course
Exam 6: Strategic Rivalry100 Questionsadd course
Exam 7: Growth Strategies100 Questionsadd course
Exam 8: Governing Business100 Questionsadd course
Exam 9: Introduction to the Macroeconomy100 Questionsadd course
Exam 10: Measuring Macroeconomic Variables and Policy Issues100 Questionsadd course
Exam 11: Expenditure and Fiscal Policy100 Questionsadd course
Exam 12: Money, Banking and Interest100 Questionsadd course
Exam 13: Inflation, Output and Economic Policy101 Questionsadd course
Exam 14: Supply-Side Policies and Economic Growth100 Questionsadd course
Exam 15: Exchange Rates and the Balance of Payments100 Questionsadd course
Exam 16: Globalization100 Questionsadd course
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Explain the impact of supply-side shock on long-term equilibrium. Illustrate your answer with a relevant graph.

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