About this document
Impact of LRAS Shift on Inflation by M Bilal Saleem is a document available to read on EtoBox.
If the long run aggregate supply curve increased due to a fall in the price of oil, inflation would decrease. With only the LRAS curve shifting and no change in aggregate demand, the new higher LRAS curve would lead to lower prices and inflation at the original level of output.
- Author
- M Bilal Saleem
- Language
- EN