Multiple Choice
An adverse supply shock would shift:
A) only the short-run aggregate supply curve outward.
B) only the long-run aggregate supply curve outward.
C) only the long-run aggregate supply curve inward.
D) only the short-run aggregate supply curve inward.
E) both the long-run and the short-run aggregate supply curves inward.
Correct Answer:
Verified
Correct Answer:
Verified
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