Multiple Choice
Figure 14.2
-Refer to Figure 14.2.Other things equal,a movement from point C to point B would be caused by
A) an increase in the price level.
B) a decrease in the price level.
C) a positive supply shock.
D) a negative supply shock.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The aggregate supply curve shows the total
Q3: An increase in the inflation rate results
Q4: Many economists believe the central banks were
Q5: Figure 14.2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4177/.jpg" alt="Figure 14.2
Q6: Figure 14.3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4177/.jpg" alt="Figure 14.3
Q7: Figure 14.3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4177/.jpg" alt="Figure 14.3
Q8: The short-run effect of a negative supply
Q9: A combination of high inflation and recession,usually
Q10: Assume that the Bank of Canada has
Q11: Figure 14.2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4177/.jpg" alt="Figure 14.2