Figure 12-1 -Refer to Figure 12-1. Assume That the Economy Is Initially

question 132

Multiple Choice

Figure 12-1
-Refer to Figure 12-1. Assume that the economy is initially at Y₁. A nonintervention policy
Would result in the restoration of potential output by allowing the

• A) the aggregate demand curve to shift to the right.
• B) the short-run aggregate supply curve to shift to the right.
• C) the aggregate demand curve to shift to the left.
• D) the short-run aggregate supply curve to shift to the left.

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Definitions:

Phyletic Gradualism

The idea that evolution occurs by a slow, steady accumulation of genetic changes over time; also called gradualism. Compare with punctuated equilibrium.

Stabilizing Selection

A type of natural selection that favors the average individuals in a population, reducing variation.

Fossil Record

The accumulation of evidences, such as bones, shells, or imprints, left by organisms in sedimentary rocks, providing a historical sequence of life on Earth.

Speciation

The evolutionary process by which populations evolve to become distinct species, typically through genetic isolation from other populations.