Which of the Following Statements About the AD/AS Macro Model

question 99

Multiple Choice

Which of the following statements about the AD/AS macro model in the long run is correct?

• A)Both real GDP and the price level are determined by aggregate demand.
• B)Both real GDP and the price level are determined by Y*.
• C)Long-run real GDP is determined by Y* and the long-run price level by the AD curve.
• D)Real GDP is determined by aggregate demand and the price level by Y*.
• E)Long-run real GDP is determined by aggregate demand and the price level is determined solely by the AS curve.

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Definitions:

Negative Contingency

A relationship where the occurrence of one behavior decreases the likelihood of another event or behavior.

Signaled Shock

A procedure in conditioning experiments where a signal or cue is given before an aversive stimulus, such as a shock, to study learning and anticipation.

Unsignaled Shock

A type of aversive stimulus that is delivered without a preceding warning, often used in psychological experiments to study learning and behavior.

Anxiety

A mental health condition characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.