An Adverse Supply Shock Will Shift Short-Run Aggregate Supply

question 131

Multiple Choice

An adverse supply shock will shift short-run aggregate supply

• A)right, making prices rise.
• B)left, making prices rise.
• C)right, making prices fall.
• D)left, making prices fall.

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Definitions:

Robert Baden-Powell

The British Army officer who founded the Boy Scouts movement in 1908 to support youth physical, mental, and spiritual development.

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Gratification stemming from tactile sensations or bodily activities, often associated with taste, touch, and other senses.

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An English writer and poet known for his works of fiction and poetry set in the British Empire, including "The Jungle Book" and "If—".