Answer Happy

A favourable shock to aggregate demand (e.g., an increase in the
global demand for NZ exports), ceteris paribus, will
typically result in
and
while a favourable shock to short-run
aggregate supply (e.g., a decline in world oil
prices), ceteris paribus, will typically result
in
and
.
Group of answer choices
higher prices; higher output; lower prices; higher output
higher prices; higher output; lower prices; lower output
higher prices; higher output; higher prices; higher output
lower prices; higher output; lower prices; higher output