A Supply Shock Causes the Long-Run Aggregate Supply Curve to Shift

question 211

True/False

A supply shock causes the long-run aggregate supply curve to shift left,decreasing the price level.

---

Definitions:

Outcome Simulations

The mental process of envisioning or predicting the consequences or results of actions, scenarios, or events.

Aphasia

A neurological condition characterized by the loss or impairment of the ability to communicate through speech, writing, or comprehension.

Linguistic Determinism

The idea that language shapes and limits human thought processes and perceptions.

Telegraphic Speech

A stage in language development where toddlers combine a limited number of words to convey a message, mimicking the concise style of telegraphic messages.