Aggregate Supply Curves (1)

question 19

Multiple Choice

Aggregate Supply Curves (1)
-Based on the graph above,a cause of movement from point 1 to point 2 might be ________.

• A)a positive price shock
• B)government policy that lowers unemployment
• C)an increase in potential output
• D)an increase in expected inflation
• E)none of the above

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Definitions:

Relevant Details

Information or aspects which are directly related and critical to understanding or resolving a specific topic or problem.

Attention

The behavioral and cognitive process of selectively concentrating on a discrete aspect of information, whether deemed subjective or objective, while ignoring other perceivable information.

Brain Activity

The electrical and chemical processes occurring within the brain that enable thoughts, feelings, and behaviors.

Participants

Individuals who take part in a study or experiment, providing data or responses for research purposes.