Economy, asked by drakeshranjan7612, 1 month ago

Explain the effect of adverse supply shock on price level and output in the following conditions with suitable diagram: (i) When aggregate demand is held constant. (ii) When aggregate demand can be increased.

Answers

Answered by shamayelrahman0786

5

Answer:

An unexpected change in the economy will shift either the aggregate demand (AD) or short -run aggregate supply (SRAS) curve. Negative

Explanation:

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