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Imagine that a resilient pandemic disease disrupts the global supply chain, making production more difficult everywhere due to greater scarcity of available resources. How does
Imagine that a resilient pandemic disease disrupts the global supply chain, making production more difficult everywhere due to greater scarcity of available resources. How does that translate in terms of aggregate supply? a. Aggregate supply is not affected by disruptions in the global supply chain. C b. It's a positive supply shock that shifts the SRAS curve to the right, but without affecting the LRAS curve. c. None of the alternatives is correct. C d. It's a negative supply shock that shifts the SRAS curve to the left, but without affecting the LRAS curve. e. It's a negative supply shock that shifts both the SRAS curve and the LRAS curve to the left
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