Which of the Following Is Not Associated with an Adverse

question 29

Multiple Choice

Which of the following is not associated with an adverse supply shock?

• A)the short-run Phillips curve shifts left
• B)unemployment rises
• C)the price level rises
• D)output falls

---

Definitions:

Cash

Currency and other liquid instruments that are used to conduct transactions or settle debts.

Accounts Receivable

Funds that customers owe to a company for products or services already provided but not yet compensated for.

Accounts Payable

A bookkeeping record indicating a business's duty to settle a short-term financial debt with its lenders or vendors.

Cash Flows

The inflows and outflows of cash and cash equivalents, representing the operational, investing, and financing activities of a business.