If there is a temporary supply shock (the supply decreases) and the Fed or the government decides to “do something”, the curve that will shift will shift______? Group of answer choices 1That curve(s) does not shift. 2That curve(s) could shift in either direction. 3To the left. 4To the right.

If there is a temporary supply shock (the supply decreases) and the Fed or the government decides to “do something”, the curve that will shift will shift______? Group of answer choices 1That curve(s) does not shift. 2That curve(s) could shift in either direction. 3To the left. 4To the right.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter16: Expectations Theory And The Economy

Section: Chapter Questions

Problem 2WNG

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Question

If there is a temporary supply shock (the supply decreases) and the Fed or the government decides to “do something”, the curve that will shift will shift______?
Group of answer choices

1That curve(s) does not shift.

2That curve(s) could shift in either direction.

3To the left.

4To the right.

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