-Refer to Exhibit 8-4

question 60

Multiple Choice

-Refer to Exhibit 8-4.A shift in short-run aggregate supply from SRAS₁ to SRAS₂ could have been the result of

• A) a decrease in the price level.
• B) an increase in the price level.
• C) an adverse supply shock.
• D) a beneficial supply shock.

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Definitions:

Electron Transport System

A series of compounds that transfer electrons from electron donors to electron acceptors via redox reactions, generating ATP.

ATP

Adenosine triphosphate, a molecule used as the primary energy carrier in cells for metabolic processes.

NADPH

Nicotinamide adenine dinucleotide phosphate, a cofactor used in anabolic reactions, such as lipid and nucleic acid synthesis, which requires reducing power.

PGA

A common abbreviation with multiple meanings; in a biological context, it could refer to Phenylglyoxylic acid, otherwise, it's often used for Professional Golfers' Association.