When the Aggregate Supply Curve Shifts Adversely, What Happens to the Relationship

question 159

Multiple Choice

When the aggregate supply curve shifts adversely, what happens to the relationship shown in the Phillips curve?

• A)It is reinforced, and made more applicable for policy.
• B)It is destroyed, and no longer applies for policy.
• C)It is unchanged, although the curve becomes less steep.
• D)It is unchanged, although the curve shifts inward and to the left.

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Definitions:

Humility

A personal quality characterized by a modest view of one's own importance, often leading to greater openness to new ideas and respect for others' opinions and abilities.

Achievement Drive

A personal motivation to set and accomplish challenging goals, regardless of obstacles or difficulties.

Tenacity

The quality of being determined and persistent in achieving goals, despite facing difficulties or setbacks.

New Program

Initiative or set of organized activities introduced to meet certain objectives or address specific needs.