What typically happens to the aggregate demand curve

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Reference no: EM131832963

Question: 1. Are "real shocks" negative shocks, by definition?

2. When negative real shocks hit, what typically happens to the long-run aggregate supply curve: Does it shift left, shift right, or stay in the same place?

3. When negative real shocks hit, what typically happens to the aggregate demand curve? Does it shift left, shift right, or stay in the same place?

Reference no: EM131832963

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