Long-Run Aggregate Supply Shifts Are Caused by

question 103

Multiple Choice

Long-run aggregate supply shifts are caused by

• A) changes in consumption,investment,government spending,and net exports.
• B) temporary changes in input prices.
• C) changes in expected future price levels.
• D) changes in resources,technology,and institutions.
• E) changes in consumption,investment,government spending,net exports,resources,technology,and institutions.

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Definitions:

Just-world Phenomenon

is the cognitive bias to believe that the world is fair and people get what they deserve, often used to rationalize injustice.

Unconscious Patronization

Subtle, often unintentional, discriminatory behavior towards a marginalized group, influenced by unconscious biases.

Ingroup

A social group to which a person psychologically identifies as being a member, often leading to favoritism and loyalty towards the group.

Outgroup

A social group with which an individual does not identify, often leading to them being viewed as "them" in contrast with the "us" of the ingroup.