-Refer to the Above Graph

question 43

Multiple Choice

-Refer to the above graph.Assume that the economy is at equilibrium at AD₁ and AS₁ and then is hit with both demand-pull and cost-push inflation.If this occurs,then,in the short run:

• A) AD₁ will shift to AD₂,AS₂ will shift to AS₃,the price level will be at P₂,and output will be at Q₂.
• B) AS₁ will shift to AS₃,AD₂ will shift to AD₁,the price level will be at P₃,and output will be at Q₃.
• C) AD₁ will shift to AD₂,AS₁ will shift to AS₂,the price level will be at P₂,and output will be at Q₂.
• D) AD₁ will shift to AD₂,AS₁ will shift to AS₂,the price level will be at P₃,and output will be at Q₁.

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Definitions:

Reciprocity

A social norm of responding to a positive action with another positive action, rewarding kind actions.

Romance Of Leadership

Involves people attributing romantic, almost magical, qualities to leadership.

Followers

Individuals who support and are guided by a leader or leadership within an organizational context, contributing to the group's objectives.

Constructive Follower Orientation

An approach where followers actively contribute ideas, engage in problem-solving, and support leadership initiatives for improved organizational outcomes.