10-4 Summarize what can shift an economy’s potential output in the long run (Supply Shocks) Give an example of an adverse supply shock and illustrate graphically. Now do the same for a beneficial supply shock.
10-4 Summarize what can shift an economy’s potential output in the long run (Supply Shocks) Give an example of an adverse supply shock and illustrate graphically. Now do the same for a beneficial supply shock.
Chapter10: Aggregate Supply
Section: Chapter Questions
Problem 4.6P
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10-4 Summarize what can shift an economy’s potential output in the long run
(Supply Shocks) Give an example of an adverse supply shock and illustrate graphically. Now do the same for a beneficial supply shock.
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