Refer to the Graph Above

question 14

Multiple Choice

Refer to the graph above. Assume that the economy is initially at equilibrium at point C, and that the government has adopted a "hands-off" policy approach. If demand-pull inflation occurs, then the final long-run equilibrium point will be point __; while if cost-push inflation occurs (starting at point C) , then the final long-run equilibrium point will be point __.

• A) A; C
• B) D; B
• C) A; A
• D) D; A

---

Definitions:

Actual Message

The real or intended content of a communication, as opposed to the perceived message or the way it is delivered.

Critical Communication Skills

Essential abilities required for effective communication, such as listening, articulating, and adapting messages to the audience.

Employers

Individuals or organizations that hire and pay people to work for them.

Communication Medium

The form in which a message is presented; the three primary categories of media are oral, written, and visual.