On a Graph Showing the Aggregate Demand and Aggregate Supply

question 28

Multiple Choice

On a graph showing the aggregate demand and aggregate supply curves,stagflation can be represented by a:

• A)leftward shift of the aggregate supply curve.
• B)rightward shift of the aggregate supply curve.
• C)upward movement along the aggregate supply curve.
• D)rightward shift of the aggregate demand curve.
• E)upward movement along the aggregate demand curve.

---

Definitions:

Glazed Donuts

Sweet pastries typically made of deep-fried dough coated with a thin layer of sugar glaze.

Cinnamon Rolls

A sweet baked pastry known for its spiral shape and cinnamon-spiced filling, often topped with icing or glaze.

Cross-price Elasticity

A measure of how the demand for one good responds to a change in the price of another good.

Shrimp

A small, decapod crustacean commonly found in marine and freshwater environments, often used as food.