According to Aggregate Demand and Supply Analysis,the Favorable Supply Shock

question 89

Multiple Choice

According to aggregate demand and supply analysis,the favorable supply shock of 1995-1999 had the effect of

• A)increasing aggregate output,lowering unemployment,and raising inflation.
• B)decreasing aggregate output,raising unemployment,and raising inflation.
• C)increasing aggregate output,lowering unemployment,and lowering inflation.
• D)decreasing aggregate output,raising unemployment,and lowering inflation.

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Definitions:

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.

Ethnocentrism

The tendency to judge other groups according to the standards, behaviors, and customs of one’s own group.

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Extracting the idea from a message.

Receivers

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