Figure 35-4.The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves.On the left-hand diagram,the price level is measured on the vertical axis;on the right-hand diagram,the inflation rate is measured on the vertical axis. 
-Refer to Figure 35-4.Assume the figure depicts possible outcomes for the year 2018.In 2018,the economy is at point A on the left-hand graph,which corresponds to point A on the right-hand graph.The price level in the year 2017 was
Definitions:
Liabilities
Financial obligations or debts that an individual or organization is legally responsible for.
Positive Discipline
A method of teaching and reinforcing desirable behaviors in employees while minimizing negative or punitive measures.
Performance Problem
Occurs when an employee's work does not meet established standards or expectations due to various factors like lack of skills or motivation.
Authority
The power or right to give orders, make decisions, and enforce obedience.
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