Multiple Choice
A positive temporary supply side shock will:
A) increase the price level in the long run.
B) decrease the price level in the long run.
C) increase the level of potential output in the long run.
D) have no effect in the long run.
Correct Answer:
Verified
Correct Answer:
Verified
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Q43: Increases in the overall price level:<br>A) result
Q44: An economy in which output has decreased
Q45: An aggregate supply curve that slopes upward
Q46: In the macroeconomy, demand-side shifts change:<br>A) only
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Q49: Firms are willing to change the aggregate
Q50: In the macroeconomic model of aggregate supply
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