Suppose That There Is an Adverse Supply Shock

question 173

Multiple Choice

Suppose that there is an adverse supply shock. Which of the following curves will shift left?

• A)both the aggregate supply curve and the Phillips curve
• B)only the aggregate supply curve
• C)only the Phillips curve
• D)neither the aggregate supply curve nor the Phillips curve

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Definitions:

Ciliary Body

A structure in the eye that produces aqueous humor, contributes to intraocular pressure, and plays a role in changing the shape of the lens to focus light.

Suspensory Ligaments

Suspensory ligaments are fibrous tissues that support organs or parts, notably the lens of the eye, maintaining its position and shape.

Lens

A transparent, biconvex structure in the eye that focuses light rays onto the retina, allowing for clear vision at various distances.

Gustatory Receptors

Sensory receptors located on the tongue that detect taste.