What is resulting impact on potential gdp and price level, Microeconomics

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What is resulting impact on potential gdp and price level

Problem

What is a supply shock? Give an example of a current supply shock. Which way does this shock move the AS curve? What is the resulting impact on potential GDP and the price level?

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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Microeconomics: What is resulting impact on potential gdp and price level

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Microeconomics: What is resulting impact on potential gdp and price level

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