When Aggregate Demand Shifts Left Along the Short-Run Aggregate Supply

question 37

Multiple Choice

When aggregate demand shifts left along the short-run aggregate supply curve,

• A)unemployment and prices rise.
• B)unemployment rises and prices fall.
• C)unemployment falls and prices rise.
• D)unemployment and prices fall.

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Definitions:

Posterior Thoracic

Pertaining to the back part of the chest area, which houses important components such as the lungs and heart.

Circulatory System

The body's system of blood vessels and organs that transports blood to and from the heart and transports nutrients, oxygen, carbon dioxide, and hormones throughout the body.

Excretes Waste

The process by which living organisms remove or expel waste materials from their bodies.

Hepatic Portal Vein

A blood vessel that carries blood from the gastrointestinal tract and spleen to the liver, rich in nutrients and toxins.