Ceteris Paribus,in the Long Run,a Negative Supply Shock Causes

question 273

Multiple Choice

Ceteris paribus,in the long run,a negative supply shock causes

• A)the long-run aggregate supply curve to shift to the left.
• B)the price level to rise initially,and then return to its lower level.
• C)unemployment to fall below its short-run level.
• D)equilibrium real GDP to fall.

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Definitions:

Hardest Substance

Diamond, recognized as the hardest naturally occurring material on the Mohs scale of mineral hardness.

Accessory Organ

Accessory organs refer to organs that assist the functioning of the main organs in various systems, such as the pancreas and liver in the digestive system.

Alimentary Canal

A series of connected organs through which food passes, where it is digested, nutrients are absorbed, and waste is expelled.

Pancreatic Juice

A liquid secreted by the pancreas that contains digestive enzymes and bicarbonate to aid in digestion.