How Will an Adverse Supply Shock Shift the Short-Run Phillips

question 156

Multiple Choice

How will an adverse supply shock shift the short-run Phillips curve, and how will it change unemployment?

• A) It will shift the short-run Phillips curve right and raise unemployment.
• B) It will shift the short-run Phillips curve right and lower unemployment.
• C) It will shift the short-run Phillips curve left and raise unemployment.
• D) It will shift the short-run Phillips curve left and lower unemployment.

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Definitions:

Channels

Pathways or mediums through which information, substances, or forces are conveyed or transmitted.

Acupuncture

An ancient Chinese form of analgesia that consists of inserting needles into specific points on the skin and continuously stimulating the needles.

Specific Points

Defined locations or aspects in a given context that require focused attention or action for a particular purpose or outcome.

Pressure Point Therapy

A therapeutic technique that involves applying pressure to specific points on the body to relieve pain or promote health.