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Mandolina Mandolina
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7 years ago
A supply shock which reduces aggregate supply
A) may increase the level of equilibrium output as it raises the price level.
B) may lower the price level and the level of equilibrium output.
C) may reduce the equilibrium output as it raises the price level.
D) is represented by shifting the aggregate supply curve downward.
E) is represented by shifting the aggregate demand curve to the right.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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Mandolina Author
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#2
7 years ago
Wwow, couldn't thank you enough
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