The Long-Run Adjustment to a Negative Supply Shock Results in

question 137

Multiple Choice

The long-run adjustment to a negative supply shock results in

• A)the short-run aggregate supply curve shifting to the right.
• B)the price level rising.
• C)unemployment rising.
• D)workers being willing to accept higher wages.

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Definitions:

Carol Dweck's Theory

A psychological theory proposing the existence of two mindsets—the fixed mindset and the growth mindset—that significantly influence how people view their abilities and approach challenges in life.

Motivation

The mental processes that stimulate and guide behavior towards achieving a goal.

View of Self

An individual's perception and evaluation of themselves, encompassing self-image, self-esteem, and the roles they see themselves fulfilling.

Arousal Theory

A theory suggesting that people are motivated to maintain an optimal level of arousal, which varies from one individual to another.