Determine whether each of the following events shifts the short-run aggregate-supply curve, the aggregate demand curve, or both. For each event that shift a curve, illustrate, and explain the effect using AD-AS.
a. Due to Covid-19, many households feel pessimistic with the economy and decide to save more.
b. Due to Covid-19 outbreak, many factories are forced to halt production for semiconductor.
c. OPEC decide to raise the global price for oil.
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The post Determine whether each of the following events shifts the short-run aggregate-supply curve, the aggregate demand curve, or both. For each event that shift a curve, illustrate, and explain the effect using AD-AS appeared first on nursing writers.