A Positive Supply Shock from Falling Input Prices Shifts

question 188

Multiple Choice

A positive supply shock from falling input prices shifts

• A) both the SAS and AD curves rightward.
• B) both the SAS and LAS curves leftward.
• C) the SAS curve rightward but leaves the LAS curve unchanged.
• D) the LAS curve rightward but leaves the SAS curve unchanged.
• E) both the SAS and LAS curves rightward.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.