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Q2. Identifythevariablesthatcouldcauseshiftsinboththeshort-runandlong-runaggregate-supplycurves? Identify which senarios in Question 1shiftsinbothAS curves. Q3. Otherthingsthesame,whathappensin longrun tothepricelevelandquantityofoutputafter: acontractioninaggregatedemand. anadverseshiftintheshortrunaggregatesupplycurve.

Q2. Identifythevariablesthatcouldcauseshiftsinboththeshort-runandlong-runaggregate-supplycurves? Identify which senarios in Question 1shiftsinbothAS curves.

Q3. Otherthingsthesame,whathappensinlongruntothepricelevelandquantityofoutputafter:

acontractioninaggregatedemand.
anadverseshiftintheshortrunaggregatesupplycurve.

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