Fill in the blanks to complete the sentence below. Drag word(s) below to fill in the blank(s) in the passage. The initial temporary lockdown that occurred in March 2020 would be described as a(n) shock, which led to an increase in firms' production costs, causing a(n) in aggregate supply. exogenous + + demand increase decrease endogenous ܀܀ supply

Economics (MindTap Course List)
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ISBN:9781337617383
Author:Roger A. Arnold
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Chapter8: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 15QP
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3.2. What is aggregate demand?
Fill in the blanks to complete the sentence below.
supply.
Drag word(s) below to fill in the blank(s) in the passage.
The initial temporary lockdown that occurred in March 2020 would be described as a(n)
shock, which led to an increase in firms' production costs, causing a(n) in aggregate
܀
exogenous demand increase
+
decrease endogenous
supply
Transcribed Image Text:2 3.2. What is aggregate demand? Fill in the blanks to complete the sentence below. supply. Drag word(s) below to fill in the blank(s) in the passage. The initial temporary lockdown that occurred in March 2020 would be described as a(n) shock, which led to an increase in firms' production costs, causing a(n) in aggregate ܀ exogenous demand increase + decrease endogenous supply
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