Economy, asked by rajanithapa2008, 30 days ago

Explain impact of supply shocks on output and price level

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Answered by anshikakatiyar
0

Answer:

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Answered by lisa0001
0

Answer:

A supply shock is an unexpected event that changes the supply of a product or commodity, resulting in a sudden change in price. A positive supply shock increases output causing prices to decrease, while a negative supply shock decreases output causing prices to increase.

Explanation:

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