Question: TAKE YOUR TIME ON THIS QUESTION. It is worth 6 points!! Match the situation to the initial shifts in the AD, SRAS, and/or LRAS curves.

TAKE YOUR TIME ON THIS QUESTION. It is worth 6 points!! Match the situation to the initial shifts in the AD, SRAS, and/or LRAS curves. Hint: each shift is only used once and there are two shift options which will not be used. China enters a recession (show for US) Deflation People decide that there will be inflation next year An oil pipeline breaks [Choose ] SRAS shifts left AD shifts left SRAS moves right LRAS and SRAS shift right AD shifts right No curves shift LRAS and SRAS shift left AD shifts right and SRAS shifts left [Choose ] The internet is invented Housing prices reach an all time high [Choose] [Choose]

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