Higher Resource Prices Shift the

question 285

Multiple Choice

Higher resource prices shift the

• A) long-run aggregate supply curve leftward, decreasing real GDP and increasing potential GDP.
• B) short-run aggregate supply curve leftward, raising the price level and decreasing potential GDP.
• C) short-run aggregate supply curve leftward, raising the price level and decreasing real GDP so it is less than potential GDP.
• D) short-run aggregate supply curve rightward, raising the price level and decreasing real GDP so it is less than potential GDP.

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Definitions:

3D Structure

The three-dimensional shape or configuration of a molecule, crucial for determining its function and interactions in biological systems.

X-ray Diffraction

A technique used to determine the atomic and molecular structure of a crystal, in which the crystalline atoms cause a beam of incident X-rays to diffract into many specific directions.

Nucleotide

The basic building block of nucleic acids, such as DNA and RNA, comprised of a sugar, a phosphate group, and a nitrogenous base.

Phosphate Group

A functional group or radical comprising one phosphorus atom connected to four oxygen atoms, often involved in energy transfer in biological systems.