Asupply shock is
a. an increase in potential gdp caused by a government expenditure multiplie...
Social Studies, 14.11.2019 22:31, oranzajimenez
Asupply shock is
a. an increase in potential gdp caused by a government expenditure multiplier, resulting in a leftward shift of the ad curve.
b. an increase in both the inflation and the unemployment rates that may sometimes result in a rightward shift of the sras curve.
c. a sudden increase in the price of an important natural resource, resulting in a leftward shift of the sras curve.
d. an increase in the rate of inflation as a result of expansionary fiscal policy, resulting in a leftward shift of the sras curve.
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