Illustrate the effects of an adverse supply shock, Macroeconomics

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Illustrate the effects of an adverse supply shock

Problem

In the diagram use aggregate demand and short-run and long-run aggregate supply curves to show an economy at a long-run equilibrium of $10 trillion. Then illustrate the effects of an adverse supply shock.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Illustrate the effects of an adverse supply shock

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