According to Aggregate Demand and Supply Analysis,the Negative Supply Shocks

question 55

Multiple Choice

According to aggregate demand and supply analysis,the negative supply shocks of 1973-1975 and 1978-1980 had the effect of

• A)increasing aggregate output,lowering unemployment,and raising the price level.
• B)decreasing aggregate output,raising unemployment,and raising the price level.
• C)increasing aggregate output,raising unemployment,and raising the price level.
• D)decreasing aggregate output,raising unemployment,and lowering the price level.

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Definitions:

Operating Segments

Components of a business for which separate financial information is available and evaluated regularly by the company's decision makers.

Reportable

Pertains to events, transactions, or details that must be disclosed in official documents or reports according to regulations or standards.

Minimum Revenue

The lowest amount of revenue that a business must generate to cover its operating expenses and avoid losses.

Operating Segment

A distinct component of a business engaged in activities generating revenues and incurring expenses, whose results are regularly reviewed by the entity's chief operating decision maker.