According to the AD-AS Model,the Short-Run Impact of a Temporary

question 29

Multiple Choice

According to the AD-AS model,the short-run impact of a temporary drop in oil prices is __________;output ___________ and the price level ___________.

• A) positive;increases;increases
• B) positive;decreases;increases
• C) positive;increases;decreases
• D) negative;decreases;increases
• E) negative;decreases;decreases

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Definitions:

Placenta

A temporary organ that develops in female mammals during pregnancy, connecting the fetus to the uterine wall for nutrient uptake, waste elimination, and gas exchange via the mother's blood supply.

Fetus

A developing mammal or human from the end of the embryonic period (usually two months after conception) until birth.

Three-Mountain Task

A cognitive development test designed to examine a child's ability to understand different perspectives and viewpoints.

Jean Piaget

A Swiss psychologist known for his pioneering work in child development, especially his theory of cognitive development that describes how children's minds develop and change as they grow.