What Would NOT Be Associated with an Adverse Supply Shock

question 174

Multiple Choice

What would NOT be associated with an adverse supply shock?

• A) short-run Phillips curve shifts right
• B) unemployment rises
• C) price level falls
• D) output falls

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Definitions:

Schizophrenia

A psychotic disorder in which personal, social, and occupational functioning deteriorate as a result of strange perceptions, disturbed thought processes, unusual emotions, and motor abnormalities.

Voices

A common term for auditory hallucinations, particularly in the context of some psychiatric disorders, where individuals hear sounds or voices without external stimuli.

Demoralization

A state of feeling disheartened or lacking in confidence and morale.

Clinically Depressed

A psychological condition characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities, severe enough to interfere with daily life.