An Adverse Supply Shock Would Shift

question 44

Multiple Choice

An adverse supply shock would shift:

• A)only the short-run aggregate supply curve outward.
• B)only the long-run aggregate supply curve outward.
• C)only the long-run aggregate supply curve inward.
• D)only the short-run aggregate supply curve inward.
• E)both the long-run and the short-run aggregate supply curves inward.

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Definitions:

Evolution

The mechanism by which diverse species of organisms are considered to have emerged and varied from their predecessors over the course of the Earth's history.

Genetic Drift

A mechanism of evolution that causes allele frequencies to change randomly over time due to chance events.

Mutation

A permanent alteration in the DNA sequence that makes up a gene, leading to variability within populations and potentially to new traits or diseases.

Adaptive Evolution

The method by which populations adapt to their surroundings by evolving genetic characteristics across generations.