The Aggregate Supply (AS)curve Is Drawn with Which Variables on the Axes

question 108

Multiple Choice

The aggregate supply (AS) curve is drawn with which variables on the axes of the graph?

• A)the price level on the vertical axis and MPC on the horizontal axis
• B)national income on the vertical axis and total desired consumption on the horizontal axis
• C)the price level on the vertical axis and real GDP on the horizontal axis
• D)national income on the vertical axis and marginal cost on the horizontal axis
• E)the price level on the vertical axis and real disposable income on the horizontal axis

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Definitions:

Realistic Conflict Theory

A social psychology theory that suggests competition for limited resources leads to conflict between groups, resulting in increased prejudice and discrimination.

Ultimate Attribution Error

The tendency to ascribe the cause of a behavior to the dispositions of the group rather than to situational factors when evaluating behaviors of groups different from one's own.

Normative Influence

The effect of societal norms and expectations on an individual's behavior, prompting conformity to group standards.

Informational Influence

A type of social influence that involves conforming to the beliefs or behaviors of a group based on the desire for accuracy in situations where the correct action or belief is uncertain.