![Using the AS-AD model, explain what happens when a permanent negative supply shock hits the economy. | Homework.Study.com Using the AS-AD model, explain what happens when a permanent negative supply shock hits the economy. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/ad-as_model5396660993787037584.png)
Using the AS-AD model, explain what happens when a permanent negative supply shock hits the economy. | Homework.Study.com
![In a small open economy, is a negative supply shock or a negative demand shock more damaging for medium-run output? Explain in words and use AD-EDU diagrams to back up your argument. In a small open economy, is a negative supply shock or a negative demand shock more damaging for medium-run output? Explain in words and use AD-EDU diagrams to back up your argument.](https://homework.study.com/cimages/multimages/16/srac2s3441965401512324607.jpg)
In a small open economy, is a negative supply shock or a negative demand shock more damaging for medium-run output? Explain in words and use AD-EDU diagrams to back up your argument.
![Explain and demonstrate graphically the effects of a negative supply shock. What happens to the economy if no action is taken? What happens if monetary and or fiscal policy is used to Explain and demonstrate graphically the effects of a negative supply shock. What happens to the economy if no action is taken? What happens if monetary and or fiscal policy is used to](https://homework.study.com/cimages/multimages/16/nishant20028314064756583960163.jpg)
Explain and demonstrate graphically the effects of a negative supply shock. What happens to the economy if no action is taken? What happens if monetary and or fiscal policy is used to
![TheMoneyIllusion » Did a supply shock cause the Canadian recession? And did tight money make it worse? TheMoneyIllusion » Did a supply shock cause the Canadian recession? And did tight money make it worse?](http://www.themoneyillusion.com/wp-content/uploads/2013/03/AS-AD-e1362682543880.png)
TheMoneyIllusion » Did a supply shock cause the Canadian recession? And did tight money make it worse?
![Solved: Chapter 24 Problem 23AP Solution | Economics Of Money, Banking And Financial Markets, The 11th Edition | Chegg.com Solved: Chapter 24 Problem 23AP Solution | Economics Of Money, Banking And Financial Markets, The 11th Edition | Chegg.com](https://media.cheggcdn.com/study/0b3/0b39575d-dadd-4105-8715-556457ce6006/7119-24-23AP-i1.png)