-The Figure Above Shows the Aggregate Demand, Short- Run Aggregate

question 1

Multiple Choice

-The figure above shows the aggregate demand, short- run aggregate supply, and long- run aggregate supply curves for the Australian economy. The economy is currently at point A. A cost- push rise in the price level will initially move the economy to point ________ and to point________.

• A)B when aggregate demand decreases; C when the money prices of raw materials rise
• B)F; A when the money prices of raw materials change
• C)C when the money prices of raw materials rise; D when aggregate demand increases
• D)E when aggregate demand increases; D when the money prices of raw materials rise

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Definitions:

Frontal Plane

An anatomical division of the body into front and back halves that allows for the analysis of movement and posture.

Medial

Pertaining to or located towards the midline of the body or an organ.

Anatomical Position

A standard posture in which an individual stands upright with arms at the sides and palms facing forward, used as a reference in describing the relation of body parts to one another.

Thumbs

The first digit on each hand, highly mobile and capable of opposition to the other fingers, allowing for grasping and manipulating objects.