An Adverse Supply Shock Causes the Short-Run Aggregate Supply Curve

question 93

True/False

An adverse supply shock causes the short-run aggregate supply curve to shift left,increasing the price level.

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Definitions:

Depressive Personality Disorder

A personality disorder characterized by chronic feelings of sadness, emptiness, and emotional instability.

Clusters

Groups of personality disorders. DSM-IV-TR lists 10 personality disorders in three clusters: (A) odd and eccentric disorders (paranoid, schizoid, and schizotypal); (B) dramatic, emotional, or erratic disorders (antisocial, borderline, histrionic, and narcissistic); and (C) anxious and fearful disorders (avoidant, dependent, and obsessive-compulsive).

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, is a standardized classification of mental disorders used by mental health professionals.

Clusters

Groups of similar objects, subjects, or events that are placed together based on certain criteria or characteristics.