A Movement from Point LRAS₁ to LRAS₂ in Figure 17

question 8

Multiple Choice

A movement from point LRAS₁ to LRAS₂ in Figure 17.6 indicates that

• A)Aggregate demand has decreased.
• B)The price level has increased.
• C)The capacity of the economy has increased.

---

Definitions:

Norms

Shared guidelines or rules that dictate the behavior considered acceptable within a particular group or society.

Individual Differences

Variations among individuals in terms of their psychological traits, behaviors, or physical attributes.

Cultural Groups

Communities defined by shared customs, values, and traditions.

Infants' Perception

The process by which infants interpret and understand sensory information from their environment.