Exhibit 14-4 Aggregate Supply and Demand Curves

question 118

Multiple Choice

Exhibit 14-4 Aggregate supply and demand curves

-The increase in the price level as the economy moves from E₁ to E₂ in Exhibit 14-4 represents:

• A) cost-push inflation.
• B) demand-shock inflation.
• C) wage push inflation.
• D) demand-pull inflation.

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Definitions:

Functional RNA

RNA molecules that play a role in the cell that goes beyond being a mere messenger of DNA, including tRNA and rRNA, which are involved in protein synthesis.

Triplets

The occurrence of three offspring born from the same pregnancy, either from one or multiple eggs.

Protein Synthesis

The cellular process of building proteins from amino acids, based on the instructions encoded in DNA and carried out by ribosomes, mRNA, and tRNA.

Codon

A sequence of three nucleotides in mRNA that specifies a particular amino acid or termination signal in the synthesis of proteins.