A Major Adverse Aggregate Supply Shock

question 97

Multiple Choice

A major adverse aggregate supply shock:

• A)automatically shifts the aggregate demand curve rightward.
• B)causes the Phillips Curve to shift outward.
• C)can be caused by rising productivity.
• D)can be caused by falling wages.

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Definitions:

Insure

To secure indemnity against potential future loss or damage, typically by obtaining an insurance policy.

Collect Payment

the act of receiving money that is owed, typically in exchange for goods or services.

Risk of Loss

Refers to the chance that an investment's actual returns will be different than expected, including the possibility of losing some or all the original investment.

Breaches

Incidents where laws, contracts, or promises have been violated or not fulfilled.