AD - AS Shocks

question 48

Multiple Choice

AD - AS Shocks
-On the graph above,movement from point ________ to point ________ might occur if there is a negative demand shock,followed by updating of expected inflation.

• A)F;G
• B)H;I
• C)H;F
• D)F;H
• E)none of the above

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Definitions:

Olive Branch Petition

A final attempt by the colonists to avoid a war of independence against Britain, symbolizing peace and reconciliation.

King George III

The King of Great Britain and Ireland during the latter half of the 18th century, known for his reign during the American Revolutionary War and the subsequent loss of the American colonies.

No Hope

Generally signifies a situation or mindset where there is a belief that no positive outcomes are possible.

Declaration of Independence

A foundational document adopted on July 4, 1776, by the Continental Congress, declaring the thirteen American colonies to be independent from British rule.