Fill in the Blanks: as a Dynamic Response to Supply

question 105

Essay

Fill in the blanks: As a dynamic response to 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:

Society

Society refers to a group of individuals living together in a more or less ordered community, sharing customs, laws, and organizations.

Timing

The selection of the best or appropriate moment to perform an action in order to achieve desired effect or outcome.

Grandparenthood

The state or period of being a grandparent, experiencing the relationship with one's child's offspring.

Role Strain

The stress or tension experienced when facing difficulty in fulfilling multiple roles or the expectations within a single role.