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:

Milligrams

A unit of mass equal to one thousandth of a gram, commonly used to measure small quantities of substance.

Grams

A metric unit of weight equivalent to one thousandth of a kilogram, widely used in science and everyday commerce.

Conversion Formula

A mathematical equation used to change units from one system to another or to transform data into a different format.

Hours

A unit of time equal to 60 minutes or 3,600 seconds.