What Is the Effect of an Adverse Supply Shock

question 79

Multiple Choice

What is the effect of an adverse supply shock?

• A) The long-run aggregate supply curve shifts to the left.
• B) The short-run aggregate supply curve shifts to the right.
• C) The long-run Phillips curve shifts to the left.
• D) The short-run Phillips curve shifts to the right.

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Definitions:

Instinctive Behaviors

Actions or reactions that an organism is naturally inclined to perform without being taught.

Brelands

Refers to Keller and Marian Breland, psychologists who studied animal behavior and learning, emphasizing instinctual drift.

Learning Selectivity

The process by which individuals or animals selectively focus on certain stimuli while ignoring others during the learning process, influenced by various factors such as relevance and past experience.

Constraint on Learning

Factors or conditions that limit or influence the process and effectiveness of learning.