Figure 33-5. -Refer to Figure 33-5. the Shift of the Short-Run Aggregate-Supply

question 136

Multiple Choice

Figure 33-5.
-Refer to Figure 33-5. The shift of the short-run aggregate-supply curve from SRAS1 to SRAS2

• A) could be caused by an outbreak of war in the Middle East.
• B) could be caused by a decrease in the expected price level.
• C) causes the economy to experience an increase in the unemployment rate.
• D) causes the economy to experience stagflation.

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Definitions:

Specific Number

A distinct or precisely identified quantity, often used in mathematical or statistical contexts.

Randomly Varying

Describes a process or phenomenon that changes unpredictably, without a discernible pattern or order.

Fixed-interval Schedule

A type of conditioning reinforcement schedule where rewards are provided after a specified time interval has passed.

Continuous Reinforcement

A method of learning where a behavior is reinforced each time it is exhibited, leading to faster acquisition of the behavior.