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alekssr [168]
3 years ago
6

A supply shock is

Business
1 answer:
Vaselesa [24]3 years ago
4 0
1) <span>A supply shock is a sudden increase in the price of an important natural​ resource, resulting in a leftward shift of the sras curve. Because the change is so sudden it really affects the equilibrium price of the good or service within the economy.

2) S</span><span>tagflation is a combination of inflation and recession. Stagflation typically occurs because of supply shock. 

3) S</span><span>tagflation occurs when a supply shock shifts the sras to the left, increasing the price level and decreasing actual GDP. </span>
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