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How Will a Favourable Supply Shock Shift Short-Run Aggregate Supply

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How will a favourable supply shock shift short-run aggregate supply, and how will output change?


Definitions:

Omnivores

Organisms that obtain their energy and nutrients from a diet made up of both plant and animal substances.

Carnivores

Organisms that primarily feed on flesh from other animals.

Herbivores

Organisms that primarily eat plants and vegetation.

Primary Producers

Organisms, typically plants, algae, and certain bacteria, that produce organic compounds from carbon dioxide and water using sunlight energy through photosynthesis, forming the base of the food chain.

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