Higher Resource Prices Shift the

question 220

Multiple Choice

Higher resource prices shift the

• A) short-run aggregate supply curve rightward, raising the price level and decreasing real GDP so it is less than potential GDP.
• B) short-run aggregate supply curve leftward, raising the price level and decreasing real GDP so it is less than potential GDP.
• C) long-run aggregate supply curve leftward, decreasing real GDP and increasing potential GDP.
• D) short-run aggregate supply curve leftward, raising the price level and decreasing potential GDP.

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Definitions:

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Railroaders who worked on sleeping cars, providing service to train passengers; historically, many porters were African American men.

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Individuals who work or are employed in place of striking workers, often to undermine strike actions and maintain production.

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A neighborhood in the northern section of the New York City borough of Manhattan, known for its significant African-American history and cultural contributions.

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A worldwide movement aiming to strengthen bonds of solidarity between all people of African descent, advocating for their rights and political unity.