Figure 22-8

question 118

Multiple Choice

Figure 22-8. The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves. On the right-hand diagram, "Inf Rate" means "Inflation Rate."
-Refer to Figure 22-8. A significant increase in the world price of oil could explain

• A)the shift of the aggregate-supply curve from AS₁ to AS₂, but it could not explain the shift of the Phillips curve from PC₁ to PC₂.
• B)the shift of the Phillips curve from PC₁ to PC₂, but it could not explain the shift of the aggregate-supply curve from AS₁ to AS₂.
• C)both the shift of the aggregate-supply curve from AS₁ to AS₂ and the shift of the Phillips curve from PC₁ to PC₂.
• D)neither the shift of the aggregate-supply curve from AS₁ to AS₂ nor the shift of the Phillips curve from PC₁ to PC₂.

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Definitions:

Branching Mechanisms

Control structures in programming that allow the execution path of a program to change based on conditions or values.

For Statement

A for statement is a control flow statement in programming that iterates a part of the code a specific number of times based on a condition.

Do…while Statement

A control flow statement that executes a block of code at least once and then repeatedly executes the block as long as a given condition remains true.

Branching Mechanisms

The feature in programming and version control systems that allows for the divergence from the main line of development, to experiment or to work on different tasks simultaneously.