![FRB: Finance and Economics Discussion Series: Screen Reader Version - Estimating Machinery Supply Elasticities Using Output Price Booms FRB: Finance and Economics Discussion Series: Screen Reader Version - Estimating Machinery Supply Elasticities Using Output Price Booms](https://www.federalreserve.gov/pubs/feds/2011/201103/fig2.gif)
FRB: Finance and Economics Discussion Series: Screen Reader Version - Estimating Machinery Supply Elasticities Using Output Price Booms
![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.
![A New Approach for Identifying Demand and Supply Shocks in the Oil Market - Liberty Street Economics A New Approach for Identifying Demand and Supply Shocks in the Oil Market - Liberty Street Economics](https://libertystreeteconomics.newyorkfed.org/wp-content/uploads/sites/2/2013/03/6a01348793456c970c017c369df297970b.jpg)