Use the Following to Answer Questions

question 53

Multiple Choice

Use the following to answer questions .
Exhibit: Aggregate Demand and Aggregate Supply and the Great Depression
-(Exhibit: Aggregate Demand and Aggregate Supply and the Great Depression) During the Great Depression, aggregate demand declined sharply, thrusting the economy into a recessionary gap. Nominal wages plunged roughly 20% between 1929 and 1933. How did the economy respond to the falling wages?

• A) The short-run aggregate supply curve shifted left, from SRAS₂ to SRAS₁, resulting in a short run equilibrium at point k.
• B) The short-run aggregate supply curve shifted right, from SRAS₁ to SRAS₂, resulting in a short run equilibrium at point n.
• C) The short-run aggregate supply curve shifted right, from SRAS₁ to SRAS₂, resulting in a short run equilibrium at point j.
• D) The short-run aggregate supply curve shifted left, from SRAS₂ to SRAS₁, resulting in a short run equilibrium at point m.

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Definitions:

Dimensional Approach

An approach in psychology that considers mental disorders along a continuum rather than distinct categories, emphasizing the range of severity and symptoms.

Diagnostic Criteria

The specific conditions and symptoms that must be met for a medical professional to diagnose a patient with a particular disorder.

Stigmatization

The action or process of discrediting individuals or groups by labeling them as socially unacceptable.

Rosenhan

Rosenhan was a psychologist known for his famous study "On Being Sane in Insane Places," which challenged the validity of psychiatric diagnoses by showing how healthy individuals could be admitted to psychiatric hospitals as patients.