Exhibit 5-3 -In Exhibit 5-3 AD₁ and AS₁ Represent the Initial Aggregate

question 61

Multiple Choice

Exhibit 5-3
-In Exhibit 5-3 AD₁ and AS₁ represent the initial aggregate demand and aggregate supply.The initial equilibrium is at point A.Suppose that global oil prices rise,what will the new equilibrium be?

• A)A
• B)B
• C)C
• D)D

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Definitions:

Selection Bias

A distortion in statistical analysis resulting from the method of collecting samples, leading to an unrepresentative sample and misleading results.

Cohort Study

An observational study in which a defined group of people (the cohort) is followed over time to study the incidence of disease or various outcomes.

Asbestos

A group of naturally occurring fibrous minerals known for their resistance to heat, chemicals, and electricity, historically used in construction but hazardous to health.

Incidence Rate

A measure of the frequency at which new cases of a disease or condition occur in a population over a specified period.