Fill in the Blanks: as a Dynamic Response to a Positive

question 49

Short Answer

Fill in the blanks: As a dynamic response to a positive supply shock in the short run, the DAS curve shifts (say in period t) _____ while the DAD curve _____, causing inflation to _____ and output to _____.

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Definitions:

Toll-free Telephone Numbers

Special phone numbers that do not charge the caller, often used by businesses to encourage customer contact.

Purchases

The action of buying goods or services, often considered in terms of frequency, volume, and the decision-making process involved.

Missionary Salesperson

A salesperson who promotes a product indirectly, often focusing on educating potential customers rather than directly closing sales.

Tyco Healthcare

A former name for Covidien, a healthcare company that provides medical devices and supplies, now part of Medtronic.