On an Aggregate Demand and Aggregate Supply Graph,the Stagflation of the 1970s

question 89

Multiple Choice

On an aggregate demand and aggregate supply graph,the stagflation of the 1970s can be represented as a

• A)leftward shift of the aggregate supply curve
• B)rightward shift of the aggregate supply curve
• C)rise in the price level that caused an excess demand for output
• D)rightward shift of the aggregate demand curve
• E)decrease in the price level that caused an excess supply of output

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Definitions:

Surface Area

The amount of surface of an object, generally expressed in square inches, square feet, etc.

Capacitance

The ability of a system to store electrical charge when voltage is applied, typically measured in Farads.

Parallel Connection

A configuration in electrical circuits where components are connected along multiple paths, so the same voltage is applied to each component.

Total Capacitance

In a circuit, the overall capacitance, which can be calculated differently for series and parallel configurations of capacitors, affecting the circuit’s reactance and phase angle.