If There Is a Fall in National Output and a Rise

question 45

Multiple Choice

If there is a fall in national output and a rise in inflation, this implies that the _____.

• A) aggregate demand curve has shifted to the right
• B) aggregate demand curve has shifted to the left
• C) aggregate supply curve has shifted to the right
• D) aggregate supply curve has shifted to the left

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Definitions:

Surrogacy Arrangements

Agreements where a woman agrees to carry and give birth to a child for another person or couple, potentially involving legal and financial terms.

Egg Donation

The process by which a woman donates eggs for purposes of assisted reproduction or biomedical research, often involving legal and ethical considerations.

Pharming

A biotechnological process that uses genetically modified plants or animals to produce pharmaceuticals.

Animal Cloning

The process of creating an identical copy of an animal by replicating its DNA in a laboratory.