If there is a temporary decrease in Aggregate Supply due to supply chain problems, • Prices will fall and output will rise • Prices will rise and output will fall • Prices and output will rise • Prices and output will fall.

If there is a temporary decrease in Aggregate Supply due to supply chain problems, • Prices will fall and output will rise • Prices will rise and output will fall • Prices and output will rise • Prices and output will fall.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter13: Measuring The Economy's Performance

Section13.3: Aggregate Demand And Supply

Problem 4R

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Question

If there is a temporary decrease in Aggregate Supply due to supply chain problems,

• Prices will fall and output will rise

• Prices will rise and output will fall

• Prices and output will rise

• Prices and output will fall.

Definition Definition Total supply of goods and services in an economy at a certain price level in a specific time period.

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