Which of the Following Correctly Describes the Automatic Mechanism Through

question 35

Multiple Choice

Which of the following correctly describes the automatic mechanism through which the economy adjusts to long-run equilibrium?

• A)the leftward shift of the short-run aggregate supply curve that occurs after a recession
• B)the rightward shift of the short-run aggregate supply curve that occurs after a recession
• C)the leftward shift of the aggregate demand curve that occurs after a recession
• D)the rightward shift of the aggregate demand curve that occurs after a recession

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Definitions:

General Education Board

An organization established by John D. Rockefeller and Frederick T. Gates in 1903 to fund and reform education in the United States, particularly in the South.

Slater Fund

A philanthropic fund established in 1882 by John F. Slater aimed at improving education for African Americans in the southern United States.

Wealthy Industrialists

Individuals who have amassed significant wealth and influence through the operation and ownership of large-scale industries, often during the Industrial Revolution.

Berea College

A liberal arts college located in Kentucky, notable for being the first coeducational and racially integrated college in the Southern U.S.