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    Macroeconomics Study Set 40
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    Exam 10: Aggregate Supply and Aggregate Demand
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    In the Short Run, a Supply Shock That Shifts the Short-
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In the Short Run, a Supply Shock That Shifts the Short-

Question 90

Question 90

Multiple Choice

In the short run, a supply shock that shifts the short- run aggregate supply curve leftward real GDP and _ the price level.


A) decreases; lowers
B) decreases; raises
C) increases; raises
D) increases; lowers

Correct Answer:

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