12.3 Shocks to the System

question 163

Multiple Choice

12.3 Shocks to the System
Refer to the information provided in Figure 12.3 below to answer the questions that follow. Figure 12.3
-Refer to Figure 12.3. Cost-push inflation occurs if

• A) the economy moves from Point A to Point B on aggregate supply curve AS₁.
• B) the economy moves from Point A to Point C on the aggregate supply curve AS₁.
• C) the aggregate supply curve shifts from AS₁ to AS₀.
• D) the aggregate supply curve shifts from AS₁ to AS₂.

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Definitions:

Manipulation Checks

Assessments used in experimental research to determine if the independent variable has been successfully manipulated.

Statistically Significant

Indicates that the likelihood of the observed result occurring by chance is low, suggesting a true effect in a study.

Causal Attributions

The process by which individuals explain the causes of behavior and events, which can influence their motivation and emotions.

Experimental Manipulation

Experimental manipulation involves systematically altering variables in a study to determine cause-and-effect relationships between them.