What Is the Focus of Study in the Long Run

question 122

Multiple Choice

What is the focus of study in the long run in macroeconomics?

• A)changes to actual GDP but not changes in potential GDP
• B)an equal focus on potential GDP and actual GDP
• C)primarily on changes to potential GDP
• D)primarily on changes to the output gap,with a constant level of potential output
• E)solely on the supply of factors of production

Grasp the influence of personal expectations on information sensitivity.

Comprehend the dynamics and processes involved in social identity theory.

Recognize the role of emotions and selective attention in the perceptual process.

Identify the mechanisms of confirmation bias and self-concept maintenance.