Which of the Following Is Correct If There Is a Favorable

question 33

Multiple Choice

Which of the following is correct if there is a favorable supply shock?

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

---

Definitions:

Food Supply

The total amount of food available for consumption by a population, affecting nutritional status and food security.

Thomas Malthus

An English scholar known for his theories on population growth and its impacts on resources.

Per Capita GDP

A measure of the average economic output per person in a country, calculated by dividing the country's gross domestic product by its total population.

American Healthcare System

The composite of public and private institutions, insurance mechanisms, and delivery systems that provide healthcare services to the U.S. population.