Which of the Following Is Correct If There Is an Adverse

question 4

Multiple Choice

Which of the following is correct if there is an adverse supply shock?

• A)The short-run aggregate supply curve and the short-run Phillips curve both shift right.
• B)The short-run aggregate supply curve and the short-run Phillips curve both shift left.
• C)The short-run aggregate supply curve shifts right and the short-run Phillips curve shifts left.
• D)The short-run aggregate supply curve shifts left and the short-run Phillips curve shifts right.

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Definitions:

Reputed Financiers

Individuals or institutions with a well-regarded reputation in the financial sector for their expertise and integrity in handling investments.

Rescind The Investment

To cancel or revoke the investment decision, typically within a legally specified period.

Fraud Case

A legal or investigatory proceeding involving allegations of deceit, misrepresentation, or dishonest practices intended to gain an unfair advantage or to harm another party.

Duress

A circumstance where someone carries out a behavior because they have faced threats, violence, or various forms of compulsion.