Consider the AD/AS Model, and Suppose That the Economy Begins

question 79

Multiple Choice

Consider the AD/AS model, and suppose that the economy begins at potential output. The effect of a positive AS shock on real GDP will be reversed in the long run with a shift in .

• A)leftward; AS
• B)leftward; AD
• C)leftward; Y*
• D)rightward; AD
• E)rightward; AS

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