-Refer to Figure 15-13

question 183

Multiple Choice

-Refer to Figure 15-13.Beginning at point A,suppose a supply shock shifts the aggregate supply curve to AS₂.In the long run,we would expect

• A) an increase in the price level and a decrease in real GDP
• B) an increase in the price level and a return of real GDP to its full-employment level
• C) a decrease in the price level to below its level at point A,and a return of real GDP to its full-employment level
• D) the price level and real GDP to return to their original levels at point A
• E) aggregate demand to increase until full employment is restored.

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Definitions:

Bipolar Disorder

A psychiatric condition defined by severe shifts in mood, encompassing both manic (or hypomanic) highs and depressive lows.

Alcohol Use Disorder

A condition where individuals struggle to restrain or end their alcohol consumption, despite experiencing negative social, professional, or health impacts.

Major Depressive Disorder

A mental disorder characterized by at least two weeks of pervasive sadness or lack of interest in activities, along with other symptoms.

Generalized Anxiety Disorder

A mental health disorder characterized by pervasive and excessive anxiety and worry about various aspects of life, beyond normal stressors.