On the Aggregate Supply Curve, an Increase in Inflation Causes

question 27

Multiple Choice

On the aggregate supply curve, an increase in inflation causes ________, while a price shock causes ________.

• A) upward movement along the curve; the curve to shift
• B) downward movement along the curve; the curve to shift
• C) the curve to shift; movement along the curve
• D) downward movement along the curve; upward movement along the curve
• E) Not enough information is given.

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Definitions:

Adolescent Thinking

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Vision

Vision pertains to the ability to see, including the process by which light is converted by the eye into electrical signals for interpretation by the brain.