Refer to the Above Graph

question 73

Multiple Choice

Refer to the above graph.Assume that the economy is at equilibrium at AD₁ and AS₁ and then is hit with both demand-pull and cost-push inflation.If this occurs, then, in the short run:

• A)AD₁ will shift to AD₂, AS₂ will shift to AS₃, the price level will be at P₂, and output will be at Q₂.
• B)AS₁ will shift to AS₃, AD₂ will shift to AD₁, the price level will be at P₃, and output will be at Q₃.
• C)AD₁ will shift to AD₂, AS₁ will shift to AS₂, the price level will be at P₂, and output will be at Q₂.
• D)AD₁ will shift to AD₂, AS₁ will shift to AS₂, the price level will be at P₃, and output will be at Q₁.

Comprehend the legal and ethical frameworks guiding nursing practice.

Recognize the importance of continuing education and professional development in nursing.

Identify the standards and competencies required for nursing practice.

Understand the impact of legislation on nursing practice and patient care.

---

Definitions:

Evaluating

The process of making judgments about the value, performance, or quality of a product, service, or outcome.

Personal Selling Process

The series of steps salespeople follow when selling a product or service, including prospecting, approaching, presenting, handling objections, closing, and follow-up.

Preapproach

In the personal selling process, occurs prior to meeting the customer for the first time and extends the qualification of leads procedure; in this step, the salesperson conducts additional research and develops plans for meeting with the customer.

Optimist

An individual who habitually looks on the more favorable side of events or conditions and expects the most favorable outcome.