Business, 27.08.2020 14:01 laurabwhiddon

Real-world economies get hit with lots of shocks to aggregate demand and real shocks. Categorize each scenario as an aggregate demand shock or a real shock. How does each shock affect the aggregate demand curve and the long run aggregate supply curve of United States Economy? (i. e., Increase A/D, Decrease A/D, Increase LRAS, Decrease LRAS). a) Steelworkers go on strike, so less steel is produced Select b) A tornado destroys factories in Louisiana. Select c) Consumer optimism increases. Select d) The stock market rallies to 52-week highs increasing consumer wealth.

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Real-world economies get hit with lots of shocks to aggregate demand and real shocks. Categorize eac...

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