A Negative Supply Shock in the Short Run Causes

question 179

Multiple Choice

A negative supply shock in the short run causes

• A)the aggregate supply curve to shift to the left.
• B)the price level to fall.
• C)unemployment to fall.
• D)equilibrium real GDP to rise.

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Definitions:

Sensory Stimulus

An external event or factor that influences a sensory organ, leading to a sensory response or perception.

Action Potential

A rapid, temporary change in electrical potential across a cell membrane, leading to the transmission of nerve impulses.

Neural Network

A computational model designed to simulate the way the human brain processes information, consisting of interconnected nodes or neurons.

Neural Networks

Computational models inspired by the human brain's structure and function, used in machine learning and artificial intelligence to recognize patterns and solve complex problems.