19. Supply-side inflation is best illustrated by a O a. Rightward shift in the aggregate demand curve. O b. Leftward shift in the aggregate demand curve. O . Rightward shift in the aggregate supply curve. O d. Leftward shift in the aggregate supply curve. O e. Simultaneous rightward shift in the aggregate supply curve and a leftward shift in the aggregate demand curve.
19. Supply-side inflation is best illustrated by a O a. Rightward shift in the aggregate demand curve. O b. Leftward shift in the aggregate demand curve. O . Rightward shift in the aggregate supply curve. O d. Leftward shift in the aggregate supply curve. O e. Simultaneous rightward shift in the aggregate supply curve and a leftward shift in the aggregate demand curve.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:19. Supply-side inflation is best illustrated by a
O a. Rightward shift in the aggregate demand curve.
O b. Leftward shift in the aggregate demand curve.
O. Rightward shift in the aggregate supply curve.
O d. Leftward shift in the aggregate supply curve.
O e. Simultaneous rightward shift in the aggregate supply curve and a leftward shift in the aggregate demand
curve.
Question 20
6 pts
20. Demand-side inflation most likely to occur when the economy
O a. Is approaching or operating at full employment.
O b. Has an aggregate demand curve shifting to the left.
O c. Has a horizontal aggregate supply curve.
O d. Has labor productivity rising faster than wages,
O e. Has substantial excess capacity.
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