What Happens to Prices and Output When the Long-Run Aggregate-Supply

question 58

Multiple Choice

What happens to prices and output when the long-run aggregate-supply curve shifts left?

• A) Prices and output both increase.
• B) Prices and output both decrease.
• C) Prices increase and output decreases.
• D) Prices decrease and output increases.

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Definitions:

Therapeutic Abortions

Abortions performed for the purpose of preserving the health or life of the mother, often considered in the context of medical ethics and women's rights.

Decriminalizing Abortion

The process of removing criminal sanctions against abortion, allowing it to be performed by qualified healthcare providers without penal consequences.

First Trimester

The initial stage of pregnancy, lasting from conception to 12 weeks, during which major developmental milestones take place, including the formation of most organs and structures.