ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:While there are often multiple components in any shock, which would have the
biggest initial effect Aggregate Demand/Long Run Aggregate Supply/Short Run
Aggregate Supply, and in which direction?
during a recession, shutdown factories fall into decay and become unusable
AD; increase
O AS: decrease
AD; decrease
O AS; increase
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