Figure 33-6. 
-Refer to Figure 33-6.Which of the long-run aggregate-supply curves is consistent with a recession?
Definitions:
Royalty
Royalty is a payment made to the owner of certain property rights, such as patents, copyrighted works, or natural resources, for the use of those rights.
Organic Chemicals
Compounds primarily made of carbon atoms bonded together, along with hydrogen, oxygen, and other elements, used in a wide array of industrial and consumer products.
Geocentric Staffing Model
The geocentric staffing model puts parent-country, host-country, and third-country nationals all in the same category, with the firm attempting to always hire the best person available for a position.
International Corporation
A corporation that operates in multiple countries, managing production or delivering services across national borders.
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