Which item correctly describes a short-term response towards an adverse supply shock

A. output drops

B. price increases

C. real interest rate increases

D. output remains constant

Which item correctly describes a long-term response towards an adverse supply shock

A. output increases

B. wage increases

C. real interest rate increases

D. employment increases

E. consumption increases

Which item correctly describes a short-term response towards expansionary monetary policy

A. output increases

B. price increases

C. real interest rate remains constant

D. output remains constant

Which item correctly describes a long-term response towards expansionary monetary policy

A. output increases

B. real wage increases

C. nominal wage increases

D. real interest rate increases

E. employment increases