After a Temporary Adverse Supply Shock Hits the Economy,general Equilibrium

question 32

Multiple Choice

After a temporary adverse supply shock hits the economy,general equilibrium is restored by

• A)a downward shift of the IS curve.
• B)a shift to the left of the FE line.
• C)an upward shift of the LM curve.
• D)a downward shift of the LM curve.

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Bargaining Position

The advantage or leverage that a party has in negotiations or discussions to influence an agreement's terms in their favor.

Cashier Check

A check drawn by a bank on its own funds and signed by a cashier, considered more reliable than a personal check because the bank guarantees its payment.

Commission Salesman

An individual who earns income based on the percentage of sales they generate.