Figure 35-9

question 514

Multiple Choice

Figure 35-9. The left-hand graph shows a short-run aggregate-supply SRAS) curve and two aggregate-demand AD) curves. On the right-hand diagram, "Inf Rate" means "Inflation Rate."
-Refer to Figure 35-9. The shift of the aggregate-supply curve from AS1 to AS2

• A) results in a more favorable trade-off between inflation and unemployment.
• B) results in a more favorable trade-off between inflation and the growth rate of real GDP.
• C) represents an adverse shock to aggregate supply.
• D) represents a favorable shock to aggregate supply.

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Definitions:

Autocratic

A leadership style characterized by individual control over all decisions and little input from group members.

Charismatic Leadership

Leadership style based upon the leader’s (perceived) possession of charisma.

Personality Trait

Characteristic patterns of thought, emotion, and behavior that are relatively stable over time and across different situations.

Whole Cultures

Whole cultures encompass the comprehensive way of life, including the arts, beliefs, customs, institutions, and all other products of human work and thought characteristic of a community or population.