Assuming an Upward-Sloping AS Curve,if an Economy Is at Full

question 63

Multiple Choice

Assuming an upward-sloping AS curve,if an economy is at full employment and investment spending decreases while all other levels of spending remaining constant,then

• A)A GDP gap emerges.
• B)The price level increases.
• C)Output increases.
• D)The unemployment rate falls.

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Definitions:

Physically Abused

Having suffered physical harm or injury by another person through deliberate actions intended to hurt or cause pain.

Facial Expressions

Physical manifestations of emotions and feelings through movements and changes in the facial muscles.

Emotion

Intricate mental states characterized by personal feelings, bodily reactions, and actions or expressive behaviors.

Catharsis Hypothesis

The idea that expressing or venting emotions can lead to a reduction in emotional stress or improvement in psychological well-being.