A positive supply shock causes ________ to ________
A) aggregate demand; increase
B) aggregate demand; decrease
C) short-run aggregate supply; decrease
D) short-run aggregate supply; increase
D
Economics
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If a road is congested, then use of that road by an additional person would lead to a
a. negative externality. b. positive externality. c. Pigovian externality. d. free-rider problem with rush hour drivers stuck in traffic.
Economics
Draw a graph of the labor supply curve. Place an X at the point on the curve where the substitution effect and the income effect are exactly balanced.
What will be an ideal response?
Economics