A supply shock causes the long-run aggregate supply curve to shift left, decreasing the price level

When government inefficiencies exist

A) a country tends to grow at a slower rate. B) a country tends to grow at a faster rate. C) economic growth is not influenced. D) dead capital is usually not a problem.

Any factor that shifts the supply curve inward and to the left and does not affect the demand curve will raise the equilibrium price and reduce the equilibrium quantity

a. True b. False Indicate whether the statement is true or false