If a Contractionary Gap Exists and Resource Prices Are Not

question 80

Multiple Choice

If a contractionary gap exists and resource prices are not flexible downward,the short-run aggregate supply curve will

• A)shift leftward to return the economy to its potential output
• B)shift rightward to return the economy to its potential output
• C)not shift leftward to return the economy to its potential output
• D)not shift rightward to return the economy to its potential output
• E)become the long-run aggregate supply curve

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Social Sciences

A branch of science that deals with the institutions and functioning of human society and the interpersonal relationships of individuals as members of society.

Progressive Era

A period of widespread social activism and political reform in the United States from the 1890s to the 1920s, aimed at eliminating problems caused by industrialization, urbanization, immigration, and political corruption.

Booker T. Washington

Booker T. Washington was an influential African American educator, author, orator, and advisor to presidents of the United States in the late 19th and early 20th centuries, who advocated for African American advancement through education and entrepreneurship.

W.E.B DuBois

An American sociologist, historian, and civil rights activist who was a leading figure in the fight for African American rights and co-founder of the NAACP.