Refer to Figure 13.7 for the Following Questions

question 63

Multiple Choice

Refer to Figure 13.7 for the following questions.
Figure 13.7

-Suppose that the economy is at point A on the Phillips curve in Figure 13.7. If the aggregate demand curve shifts to the right by more than the long-run aggregate supply curve does, then the economy will:

• A)remain at point A on the Phillips curve.
• B)move to point B on the Phillips curve.
• C)move to point C on the Phillips curve.
• D)move to point D on the Phillips curve.

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Definitions:

Battery

A civil wrong that occurs when one person intentionally and voluntarily brings about a non-consented harmful or offensive contact with a person or something closely associated with him or her. Battery requires an actual contact.

Consent

A voluntary agreement to another's proposal or to engage in a particular activity.

Duty Of Care

A legal obligation requiring individuals to exercise a standard of reasonable care while performing acts that could foreseeably harm others.

Unforeseeable Risks

Risks that cannot reasonably be anticipated or predicted, often affecting contracts or liability.