Consider a Simple Macro Model with a Given Price Level

question 89

Multiple Choice

Consider a simple macro model with a given price level and demand-determined output.An exogenous change in the domestic price level changes equilibrium real GDP

• A)in the same direction.
• B)in the opposite direction.
• C)by the same amount in the same direction.
• D)by the same amount in the opposite direction.
• E)by a lesser amount in either direction.

Recognize the role of social comparison in self-evaluation.

Apply Festinger's social comparison theory to understand self-knowledge.

Identify different persuasion techniques and their psychological underpinnings.

Distinguish between central and peripheral routes to persuasion as outlined by the elaboration likelihood model.