Figure 35-9

question 40

Multiple Choice

Figure 35-9.The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves.On the right-hand diagram,"Inf Rate" means "Inflation Rate."
-Refer to Figure 35-9.Which of the following events could explain the shift of the aggregate-supply curve from AS₁ to AS₂?

• A)a reduction in firms' costs of production
• B)a reduction in taxes on consumers
• C)an increase in the price level
• D)an increase in the world price of oil

Understand the concept of social change and its continuous nature.

Recognize the impact of major physical events and innovations on social change.

Identify the role of technology and generational knowledge transfer in societal shifts.

Comprehend the dynamics of collective behavior and its examples.

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Definitions:

Great Migration

The movement of over six million African Americans from the rural Southern United States to urban areas in the North and West, from approximately 1916 to 1970, seeking better economic opportunities and escaping racial segregation.

English Expansion

The period of colonization and territorial acquisition by England from the late 16th to the early 18th centuries, leading to the establishment of the British Empire.

English Civil War

A series of armed conflicts and political machinations between Parliamentarians ("Roundheads") and Royalists ("Cavaliers") from 1642 to 1651 in England.

Common Heritage

Common heritage refers to cultural, historical, or natural assets that are considered to be of importance to humanity as a whole, often protected and preserved for future generations.