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. A significant increase in the world price of oil could explain
Definitions:
Profit Maximisation
The process of increasing a company's profits to the highest possible level given its constraints.
Occupational Health
A field focused on the prevention and management of workplace hazards and diseases to ensure employee well-being and productivity.
Environmental Protection
Efforts and policies aimed at preserving the health of the natural environment against pollution and degradation.
Cultural Relativism
A principle that suggests the beliefs and activities of a society should be understood based on that society's own context rather than judged against the criteria of another.
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