Temporary supply shocks:
A) are significant events that directly affect production.
B) shift the aggregate-supply curve in the short run.
C) would affect the short-run equilibrium.
D) All of these are true.

Question

Quizplus · Accepted Answer

Temporary supply shocks are significant events that directly affect production and shift the aggregate supply curve in the short run. This would affect the short-run equilibrium. Therefore, all of the statements are true.

Temporary Supply Shocks