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Aggregate Supply


Problems

Problem : Give two examples of positive supply shocks and two examples of adverse supply shocks.


Problem : What are the short-run and long-run effects of an increase in aggregate demand?


Problem : What are the short-run and long-run effects of a decrease in aggregate demand?


Problem : What are the short-run and long-run effects of a positive supply shock?


Problem : What are the short-run and long-run effects of an adverse supply shock?