Multiple Choice
How will a permanent adverse supply shock shift the SRAS and LRAS curves?
A) Only the SRAS curve will shift left; the LRAS curve will not change.
B) The SRAS and LRAS curves will both shift left.
C) Only the SRAS curve will shift right; the LRAS curve will not change.
D) The SRAS and LRAS curves will both shift right.
Correct Answer:
Verified
Correct Answer:
Verified
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