Which of the Following Is Correct If There Is a Favorable

question 33

Multiple Choice

Which of the following is correct if there is a favorable supply shock?

• A)the short-run aggregate supply curve and the short-run Phillips curve both shift right.
• B)the short-run aggregate supply curve and the short-run Phillips curve both shift left.
• C)the short-run aggregate supply curve shifts right and the short-run Phillips curve shifts left.
• D)the short-run aggregate supply curve shifts left and the short-run Phillips curve shifts right.

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Definitions:

Declarative Memories

Memories that can be consciously recalled, such as facts and events.

Types

Categories or classifications into which objects, people, or concepts are divided based on common characteristics.

Recognition

The cognitive process of identifying and acknowledging the familiarity of something, such as an object, person, or situation, based on previous experiences.

Recall

The mental process of retrieving information from the past, an essential aspect of memory function.