Suppose the AS curve is continuously shifting upward due to expectations of future inflation.If there is repeated monetary validation of this supply shock,

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The upward shift of the AS curve due to expectations of future inflation will cause a once-and-for-all rise in the price level. If there is repeated monetary validation of this supply shock, it means that the central bank is continuously injecting money into the economy to accommodate the higher prices, leading to ongoing inflation. This would not necessarily lead to a rise in unemployment or higher real wages for workers.

Suppose the AS Curve Is Continuously Shifting Upward Due to Expectations