Multiple Choice
Assuming a constant level of aggregate demand,what is included in the short-run effects of an adverse supply shock?
A) a decrease in the price level and a decrease in real output
B) an increase in the price level and an increase in real output
C) a decrease in the price level and an increase in real output
D) an increase in the price level and a decrease in real output
Correct Answer:
Verified
Correct Answer:
Verified
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