Fluctuations in Real GDP Are Caused Only by Changes in Aggregate

question 136

True/False

Fluctuations in real GDP are caused only by changes in aggregate demand and not by changes in aggregate supply.

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Definitions:

Optimism

A mental attitude characterized by hope and confidence in success and a positive future.

Self-Efficacy

is the belief in one's own ability to succeed in specific situations or accomplish a task, which can play a significant role in how one approaches goals, tasks, and challenges.

Academic Performance

Refers to the level of achievement or competence of an individual in educational activities.

Self-Efficacy

The belief in one's own ability to successfully accomplish tasks and goals, which is crucial for motivation and performance in various aspects of life.