What Is the Effect of an Adverse Supply Shock

question 79

Multiple Choice

What is the effect of an adverse supply shock?

• A) The long-run aggregate supply curve shifts to the left.
• B) The short-run aggregate supply curve shifts to the right.
• C) The long-run Phillips curve shifts to the left.
• D) The short-run Phillips curve shifts to the right.

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Definitions:

Transfer

The process of moving skills or knowledge from one context to another or the physical relocation of employees from one job or location to another.

Developmental Change

A process of growth and improvement over time in an individual, organization, or system.

Communications

The process of transmitting information, ideas, and feelings through various means, including verbal, non-verbal, written, and digital channels.

Reorganization

The process of restructuring the operations, policies, or structure of an organization to improve efficiency or adapt to new conditions.