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For the following questions, you need to determine whether each of the four factors given creates a positive demand shock, a negative demand shock, a
For the following questions, you need to determine whether each of the four factors given creates a positive demand shock, a negative demand shock, a positive supply shock, or a negative supply shock for the market inbold. For example, if you are told, "Automobile workers receive higher wages:automobiles," you would indicate that thesupplyof automobiles will decrease due to higher input costs, and the supply curve will shift to the left."
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