Consider the Following News Headline: "Information Technology Costs for Canadian

question 32

Multiple Choice

Consider the following news headline: "Information technology costs for Canadian firms continue to drop." Choose the statement below that best describes the likely macroeconomic effect.

• A)The AD curve shifts to the right; the price level rises and real GDP rises.
• B)The AD curve shifts to the left; the price level falls and real GDP falls.
• C)The AS curve shifts to the left; the price level rises and real GDP falls.
• D)The AS curve shifts to the right; the price level falls and real GDP rises.
• E)The AD and AS curves both shift to the right; the effect on the price level is indeterminate and real GDP rises.

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Definitions:

Fully Functioning Person

A term coined by Carl Rogers to describe an individual who is living at their highest potential of emotional and psychological well-being.

Spontaneity

The quality of being performed or occurring as a result of sudden inner impulse or inclination without premeditation or external stimulus.

Incongruence

A discrepancy between a person’s self-concept and aspects of his or her experience.

Conditional Positive Self-Regard

A state where individuals approve of themselves based on meeting certain conditions or standards set by themselves or others.