According to Aggregate Demand and Supply Analysis,the Negative Supply Shocks

question 55

Multiple Choice

According to aggregate demand and supply analysis,the negative supply shocks of 1973-1975 and 1978-1980 had the effect of

• A)increasing aggregate output,lowering unemployment,and raising the price level.
• B)decreasing aggregate output,raising unemployment,and raising the price level.
• C)increasing aggregate output,raising unemployment,and raising the price level.
• D)decreasing aggregate output,raising unemployment,and lowering the price level.

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Definitions:

RNA Synthesis

The process of synthesizing ribonucleic acid (RNA) from a DNA template, a critical step in gene expression and protein production.

Cell Membrane

The semipermeable membrane surrounding the cytoplasm of a cell, which regulates the movement of substances in and out of the cell.

Cytoplasm

The material within a living cell, excluding the nucleus, that contains the organelles and facilitates cellular processes.

Nucleus

The organelle in a cell that contains the majority of the cell's genetic material (DNA/RNA).