Ceteris paribus,in the long run,a negative supply shock causes
A)the long-run aggregate supply curve to shift to the left.
B)the price level to rise initially,and then return to its lower level.
C)unemployment to fall below its short-run level.
D)equilibrium real GDP to fall.

Question

Quizplus · Accepted Answer

The Answer of Ceteris paribus,in the long run,a negative supply shock causes
A)the long-run aggregate supply curve to shift to the left.
B)the price level to rise initially,and then return to its lower level.
C)unemployment to fall below its short-run level.
D)equilibrium real GDP to fall.

Ceteris Paribus,in the Long Run,a Negative Supply Shock Causes