Multiple Choice
If a natural disaster were to cause a negative long-run supply shock to the economy,once the economy adjusts,the new equilibrium will be:
A) at a higher price level and lower level of output.
B) at a lower price level and higher level of output.
C) at a higher price level and higher level of output.
D) at a lower price level and lower level of output.
Correct Answer:

Verified
Correct Answer:
Verified
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