Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

Please select the type of shock that would produce the indicated shift.
a. A leftward shift in the AD curve Negative supply shock Positive supply shock Positive demand shock Negative demand shock
b. A leftward shift in the SRAS curve Negative demand shock Positive supply shock Positive demand shock Negative supply shock
c. A rightward shift in the SRAS curve Negative demand shock Positive supply shock Negative supply shock Positive demand shock
d. A positive shift that leads to a higher aggregate price level. Positive supply shock Negative supply shock Negative demand shock Positive demand shock
e. A rightward shift in the AD curve Positive demand shock Negative demand shock Negative supply shock Positive supply shock
f. A negative shift that leads to a lower aggregate price level Positive supply shock Positive demand shock. Negative supply shock Negative demand shock
g. Stagflation Negative supply shock Positive demand shock Positive supply shock Negative demand shock
h. A negative shift that leads to a higher aggregate price level Negative supply shock Positive demand shock Positive supply shock Negative demand shock
i. A positive shift that leads to a lower aggregate price level Negative demand shock Negative supply shock Positive demand shock Positive supply shock

Sagot :

Parrain

The various types of shocks that will be caused are:

  • A leftward shift in the AD curve - Negative demand shock.
  • A leftward shift in the SRAS curve - Negative supply shock.
  • A rightward shift in the SRAS curve -  Positive supply shock.
  • A positive shift that leads to a higher aggregate price level.  - Positive demand shock.
  • A rightward shift in the AD curve - Positive demand shock.
  • A negative shift that leads to a lower aggregate price level - Negative demand shock.
  • Stagflation -  Negative supply shock.
  • A negative shift that leads to a higher aggregate price level - Negative supply shock.
  • A positive shift that leads to a lower aggregate price level - Positive supply shock.

What causes shocks in the economy?

When there is a change in the components of demand or supply, there will be a shift in the Aggregate Demand and Supply Curves to show that either demand or supply has changed as a result.

For instance, if there is a weaker harvest for a crop, there will be a leftward shift in the SRAS curve which would lead to a negative supply shock.

In conclusion, supply and demand are prone to shocks.

Find out more on Stagflation at https://brainly.com/question/23113698.

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.