In Exhibit 3, the Self-Correction Argument Is That in the Long

question 75

Multiple Choice

In Exhibit 3, the self-correction argument is that in the long run competition:

• A)from unemployed workers causes an increase in nominal wages and a leftward shift in SRAS.
• B)from unemployment workers causes a rightward shift in LRAS.
• C)among firms for workers increases nominal wages and this causes a leftward shift in SRAS.
• D)among consumers causes an increase in the CPI and a rightward shift in SRAS.

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Definitions:

Systolic Blood Pressure

The pressure in the arteries when the heart beats, representing the maximum arterial pressure during contraction of the left ventricle of the heart.

Stethoscope

A medical instrument used to listen to sounds within the body, particularly the heart and lungs, commonly used in physical examinations.

Electronic Digital

Pertains to devices or systems that use digital technology and electronics to function, often found in computing, communications, and diagnostics.

Brachial Artery

A major blood vessel of the upper arm that supplies blood to the arm and hand.