Try another version of these questions The graph below shows the AD-AS diagram for Mexico. Suppose that the economy experiences a positive aggregate supply shock denoted by the move from SRAS1 to SRAS2. Note that the new curve is shown in gray.
What happened to the cyclical unemployment in Mexico? Hint Box 1: Select the best answer What happened to the frictional unemployment in Mexico? Hint Box 1: Select the best answer What happened to the structural unemployment in Mexico? Hint Box 1: Select the best answer What happened to the price levels in Mexico? Hint Box 1: Select the best answer