Which of the Following Is True

question 48

Multiple Choice

Which of the following is true?

• A) Inflation and unemployment rates can both increase in the short run in response to positive supply shocks.
• B) Inflation and unemployment rates can both decrease in the short run in response to reduced aggregate demand.
• C) Inflation and unemployment rates can both decrease in the short run in response to negative supply shocks.
• D) none of the above

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Definitions:

Sociological

Pertains to sociology, which is the study of social behavior, society, patterns of social relationships, social interaction, and culture.

Industrial Revolution

A period of major industrialization from the late 18th to early 19th century that transformed mainly agrarian, rural societies in Europe and America into industrialized, urban ones.

Social World

The sphere of human interaction and relationship, influenced by cultural, economical, and political structures.

Urbanization

The process by which cities grow and societies become more urban, typically involving the migration of people from rural to urban areas.