Figure 13-3
-Refer to Figure 13-3.Suppose the economy is at point A.If the economy experiences a supply shock,where will the eventual short-run equilibrium be?
A)A
B)B
C)C

Name: Figure 13-3 -Refer to Figure 13-3.Suppose the economy is at point A.If the economy experiences a supply shock,where will the eventual short-run equilibrium be? A)A B)B C)C
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Question

Figure 13-3 
-Refer to Figure 13-3.Suppose the economy is at point A.If the economy experiences a supply shock,where will the eventual short-run equilibrium be?
A)A 
B)B 
C)C

Quizplus · Accepted Answer

The supply shock will shift the aggregate supply curve to the left, causing the short-run equilibrium to move from point A to point B.

Figure 13-3 -Refer to Figure 13-3.Suppose the Economy Is at Point A.If