A Temporary Adverse Supply Shock, Such as a Drought _____

question 65

Multiple Choice

A temporary adverse supply shock, such as a drought _____

• A) permanently shifts both the short-run and the long-run aggregate supply curves to the right.
• B) temporarily shifts both the short-run and the long-run aggregate supply curves to the right.
• C) permanently shifts both the short-run and the long-run aggregate supply curves to the left.
• D) temporarily shifts both the short-run and the long-run aggregate supply curves to the left.
• E) has no effect on either the long-run or the short-run aggregate supply curves.

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Definitions:

Concrete Operations

A stage in Piaget's theory of cognitive development where children gain the ability for logical thought about concrete objects and situations, typically occurring between 7 and 11 years of age.

Hypothetical Questions

Questions about situations that are not real but are posed for discussion or consideration of potential outcomes.

Scale Model

A physical representation of an object that maintains accurate relationships between all important aspects of the model and the actual object, but at a reduced size.

Concrete-Operations

A stage in Piaget's theory of cognitive development, during which children aged 7 to 11 years begin to logically analyze situations and understand concrete relationships.