A positive supply shock causes a leftward shift in the SRAS curve

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

False

Economics

You might also like to view...

Name the three types of unemployment

What will be an ideal response?

View
Economics

Due to inflation, nominal prices are usually

A) equal to real prices. B) smaller than real prices. C) larger than real prices. D) a constant proportion different from real prices.

View
Economics