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:

Organic Produce

Fruits, vegetables, and other food products grown without the use of synthetic pesticides, fertilizers, or genetically modified organisms.

Shareholder Vote

The right of shareholders to vote on corporate matters, typically exercised at shareholders' meetings.

Forced Transaction

A sale or trade that occurs under pressure, often lacking the free will or consent of one of the parties involved.

Dissolution

The official closure of an entity, such as a corporation or partnership, with legal processes to disband and distribute assets.