If There Is a Favourable Supply Shock, What Will Most

question 88

Multiple Choice

If there is a favourable supply shock, what will most likely happen?

• A) The aggregate supply curve and the short-run Phillips curve will both shift right.
• B) The aggregate supply curve and the short-run Phillips curve will both shift left.
• C) The aggregate supply curve will shift right, and the short-run Phillips curve will shift left.
• D) The aggregate supply curve will shift left, and the short-run Phillips curve will shift right.

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Definitions:

Alcohol Intake

The consumption of beverages containing ethanol, which can impact health and well-being.

Antioxidants

Substances that can prevent or slow damage to cells caused by free radicals, unstable molecules that the body produces as a reaction to environmental and other pressures.

Red Wine

An alcoholic beverage made from fermented grapes that is often associated with various health benefits when consumed in moderation.

Dark Chocolate

A type of chocolate containing a higher percentage of cocoa solids and less sugar than milk chocolate, known for its potential health benefits.