In the Short Run, a Supply Shock That Shifts the Short-Run

question 21

Multiple Choice

In the short run, a supply shock that shifts the short-run aggregate supply curve leftward ________ real GDP and ________ the price level.

• A) increases; raises
• B) decreases; raises
• C) increases; lowers
• D) decreases; lowers

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Definitions:

Introduction

The opening sentences of a speech, intended to get the audience’s attention, introduce the topic, give the audience a reason to listen, establish the speaker’s credibility, and preview the main ideas.

Cover Letter

A document that accompanies a resume; a sales pitch that argues why you are the best candidate for a position.

Reference

A mention or citation of a source of information or an instance of referring to something in speech or writing.

Newspaper

A printed publication consisting of sheets of paper containing news, articles, advertisements, and other information, regularly issued.