Suppose prices in the United States increase relative to other countries. What type of shock is the U.S. economy experiencing?
A) Long-run supply shock
B) Short-run supply shock
C) Demand shock
D) Change in price level

Question

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The Answer of Suppose prices in the United States increase relative to other countries. What type of shock is the U.S. economy experiencing?
A) Long-run supply shock
B) Short-run supply shock
C) Demand shock
D) Change in price level

Suppose Prices in the United States Increase Relative to Other