What Is the Short-Run Effect of a Temporary Supply Shock

question 100

Multiple Choice

What is the short-run effect of a temporary supply shock?

• A) The level of in?ation will be lower while output increases.
• B) The level of output and in?ation both increase.
• C) The level of in?ation will be higher but output remains the same.
• D) The level of in?ation will be higher while output declines.

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