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e-) clù Secure : https://onlinehiccedu/mod/quiz/attemptphp?attempt-777099&pa..; ?| ¡ (- Question 25 Not yet Points out of 2.0 P Flag question A real shock causes: Select one: ? a, a shift of the aggregate demand curve. b. a movement along the long-run aggregate supply curve. c, a shift of both the long-run aggregate supply curve and the aggregate demand curve d, a shift of the long-run aggregate supply curve. Pr Question 26 for Not yet answered Poines out of 2.0 P Flag question intertemporal substitution causes a positive produtivity shock to: stro dol Wan set q Use G to lear in a fur Select one: e a. shift the LRAS curve farther to the right. b. make the LRAS curve steeper c. shift the LRAS curve farther to the left. d. make the LRAS curve less steep. O Type here to search ?Explanation / Answer
1. D a shift of long run aggregate supply curve.
Real shock also called productivity shock, is any shock that increases or decreases the potential growth rate.
2. A shift the LRAS curve farther to the right.
Long run aggregate supply shows potential output of an economy. A rightward shift in long run aggregate supply indicates increased economic potential. All factors that cause a rightward shift in production possibility curve also cause a rightward shift in aggregate supply curve
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