Which of the Following Is Correct If There Is an Adverse

question 4

Multiple Choice

Which of the following is correct if there is an adverse supply shock?

• A)The short-run aggregate supply curve and the short-run Phillips curve both shift right.
• B)The short-run aggregate supply curve and the short-run Phillips curve both shift left.
• C)The short-run aggregate supply curve shifts right and the short-run Phillips curve shifts left.
• D)The short-run aggregate supply curve shifts left and the short-run Phillips curve shifts right.

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Definitions:

Flexible Behaviour

The ability to adapt actions and strategies in response to changing circumstances or environments.

Formal Work Groups

Teams established by an organization to achieve specific tasks, characterized by structured roles, responsibilities, and processes.

Organizational Members

Employees or stakeholders who actively participate in the organization's processes and activities.

Interaction and Coordination

The process by which individuals or groups communicate and work together effectively to achieve a common goal.