An Adverse Supply Shock Shifts the Short-Run Phillips Curve Right

question 96

True/False

An adverse supply shock shifts the short-run Phillips curve right and the short-run aggregate-supply curve left.

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Definitions:

Pubertal Hormones

Hormones that are involved in the physical and sexual development that occurs during puberty.

Organizing Effects

Influences that structure or arrange psychological or physiological traits in a systematic way, often seen in the context of development.

Pruning Effects

The neurological process in which unused neural connections in the brain are eliminated to make room for new, more efficient pathways, especially significant during adolescence.

Lateralization Effects

The differing functions or activities of the right and left hemispheres of the brain.