If There Is an Adverse Supply Shock, Which of the Following

question 29

Multiple Choice

If there is an adverse supply shock, which of the following will most likely happen?

• A)The aggregate supply curve and the short-run Phillips curve will both shift right.
• B)The aggregate supply curve and the short-run Phillips curve will both shift left.
• C)The aggregate supply curve will shift right, and the short-run Phillips curve will shift left.
• D)The aggregate supply curve will shift left, and the short-run Phillips curve will shift right.

---

Definitions:

Behaviorism

A theory of learning based on the idea that all behaviors are acquired through conditioning, emphasizing the role of environmental factors in shaping behavior.

Interpersonal Psychotherapy

A time-limited, focused psychotherapy treatment that aims to improve interpersonal relationships and alleviate depressive symptoms.

Socioculturalism

The theory that social and cultural contexts play a significant role in influencing human behavior and cognitive processes.

Untreated Depression

A depression disorder that remains without medical or psychological intervention, potentially leading to worsening symptoms over time.