Use the Following to Answer Questions

question 19

Multiple Choice

Use the following to answer questions .
Exhibit: Short-run Aggregate Supply
-(Exhibit: Short-run Aggregate Supply) Suppose that the economy is in long-run equilibrium at point A. Now suppose net exports increase. As a result of this,

• A) real GDP is temporarily above potential output.
• B) the economy's potential output increases to Y₂.
• C) the economy moves to a new long-run equilibrium at point B.
• D) there is some cyclical unemployment.

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Definitions:

Ideal Self

The way you would like to be or plan to become.

Instrumental Values

Values that act as means to an end, guiding behavior towards achieving certain goals or desirable states.

Terminal Values

Core life goals or end states of existence that an individual strives to achieve, such as happiness, personal fulfillment, and peace.

Values Conflict

A situation where two or more values that one holds are in opposition, leading to an ethical dilemma or discomfort.