Figure 33-4 ​

question 97

Multiple Choice

Figure 33-4
​
-Figure 33-4 shows four movements of the inflation rate and the unemployment rate.Which panel shows the movement associated with a "supply shock" like those of the 1970s?

• A)1
• B)2
• C)3

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Definitions:

Coconuts

Tropical fruits with a hard shell, edible white flesh, and clear liquid inside, widely used for their water, milk, oil, and meat.

Fish

Aquatic animals that are a source of food, recreation, and commercial activity for humans, playing a crucial role in many ecosystems.

Unattainable Point

A situation in a production possibilities frontier or a similar model where the point representing a combination of goods or services produced cannot be achieved given current resources or technology.

Tons

A unit of weight equal to 2,000 pounds in the United States (short ton) or 2,240 pounds in the UK (long ton), often used to measure heavy commodities.