If Prices and Wages Are Not Flexible,an Adverse Supply Shock

question 73

Multiple Choice

If prices and wages are not flexible,an adverse supply shock is most likely to be followed by

• A)a rightward shift of the aggregate supply curve
• B)a rightward shift of the aggregate demand curve
• C)a leftward shift of the aggregate supply curve
• D)a leftward shift of the aggregate demand curve
• E)persistent unemployment

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Definitions:

Geographical Region

An area of the Earth's surface characterized by distinctive physical, biological, and environmental conditions, often defined by natural or political boundaries.

Population

A group of individuals of the same species living in a particular geographic area and capable of interbreeding.

Allopolyploid

A polyploid whose chromosomes are derived from two species. Compare with autopolyploid.

Chromosomes

Cellular components that hold DNA and transmit genetic data.