In the Long Run,supply Shocks

question 89

Multiple Choice

In the long run,supply shocks

• A) are of no concern
• B) are automatically offset so that the full-employment level of output is restored
• C) cause the long-run AS curve to shift
• D) have no effect on the wage rate
• E) are automatically offset so that output and the price level return to their original values

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Definitions:

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