Multiple Choice
Figure 24-1
-In Figure 24.1 above,a ________ supply shock will shift the aggregate supply curve to AS2 and the economy will return to the long run equilibrium at point ________.
A) negative; 1
B) negative; 3
C) positive; 1
D) positive; 3
Correct Answer:

Verified
Correct Answer:
Verified
Q24: Everything else held constant,an increase in government
Q31: Everything else held constant,an increase in the
Q35: The Chinese central bank is _.<br>A) Hong
Q36: Consider the following aggregate demand curve Y
Q44: The long-run rate of unemployment to which
Q67: Suppose the economy is producing at the
Q80: Which of the following increases aggregate supply
Q89: According to aggregate demand and supply analysis,the
Q99: Everything else held constant,when financial frictions increase,the
Q104: By analyzing aggregate demand through its component