Multiple Choice
In the case of a permanent negative supply shock
A) only the long-run aggregate supply curve shifts leftward.
B) only the short-run aggregate supply curve shifts leftward.
C) both the long-run and short-run aggregate supply curves shift leftward.
D) there are no shifts in either the long-run or short-run aggregate supply curve.
Correct Answer:
Verified
Correct Answer:
Verified
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