All of the Following Are Likely Reasons for the 2007-09

question 53

Multiple Choice

All of the following are likely reasons for the 2007-09 recession in the United States except

• A)a rightward shift of the AD curve.
• B)an upward shift of the IA line.
• C)an increase in potential GDP.
• D)a decrease in potential GDP.
• E)an increase in aggregate supply.

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Definitions:

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed.

Piaget

A reference to Jean Piaget, a Swiss psychologist known for his pioneering work in the study of child development and cognitive psychology.

Conservation

The act of preserving, protecting, or restoring natural environments, species, and resources for future generations.

Egocentrism

The inability to differentiate between one's own perspective and someone else's perspective.