A sudden crash in the stock market shifts a. the aggregate-demand curve. b. the short-run aggregate-supply curve, but not the long-run aggregate-supply curve .c. the long-run aggregate-supply curve, but not the short-run aggregate-supply curve. d. both the short-run and the long-run aggregate-supply curves.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter23: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 2CQQ
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A sudden crash in the stock market shifts


a. the aggregate-demand curve.


b. the short-run aggregate-supply curve, but not the long-run aggregate-supply curve

.
c. the long-run aggregate-supply curve, but not the short-run aggregate-supply curve.


d. both the short-run and the long-run aggregate-supply curves.

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