Multiple Choice
A negative supply shock from rising input prices shifts
A) both the SAS and AD curves leftward.
B) both the SAS and LAS curves leftward.
C) the SAS curve leftward but leaves the LAS curve unchanged.
D) the LAS curve leftward but leaves the SAS curve unchanged.
E) both the SAS and LAS curves rightward.
Correct Answer:
Verified
Correct Answer:
Verified
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