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  3. Study Set
    Principles of Macroeconomics Study Set 8
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    Exam 22: The Short Run Trade Off Between Inflation and Unemployment: Shifts in the Phillips Curve the Role of Supply Shocks
  5. Question
    An Adverse Supply Shock Will Cause Output
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An Adverse Supply Shock Will Cause Output

Question 19

Question 19

Multiple Choice

An adverse supply shock will cause output


A) and prices to rise.
B) and prices to fall.
C) to rise and prices to fall.
D) to fall and prices to rise.

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