Suppose the global cost of raw materials used as inputs by rms falls. How does this cost shock affect (i) AD/AS curves and (ii) lS/LM
Suppose the global cost of raw materials used as inputs by rms falls. How does this cost shock affect (i) AD/AS curves and (ii) lS/LM curves? (j a. AD curve shifts right, LM curve shifts left. (j b. AD curve shifts left, IS curve shifts left. A c. AS curve shifts right, LM curve shifts right. (j d. AS curve shifts left, IS curve shifts right
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