-In the Above Figure, the Short- Run Aggregate Supply Curve

question 66

Multiple Choice

-In the above figure, the short- run aggregate supply curve is SAS and the aggregate demand curve is AD. An inflationary gap exists

• A) if the long- run aggregate supply curve is LAS₁.
• B) if the long- run aggregate supply curve is LAS₃.
• C) if the long- run aggregate supply curve is LAS₂.
• D) All of the above answers are correct.

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Definitions:

Humanistic Therapy

A therapeutic approach focusing on an individual's potential and stresses the importance of growth and self-actualization.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, famously demonstrated by Ivan Pavlov.

Cognitive Therapy

A form of psychotherapy that emphasizes the importance of thought patterns in how we feel and what we do.

Psychodynamic

A psychological theory or approach that emphasizes the systematic study of the psychological forces that underlie human behavior, feelings, and emotions and how they might relate to early experience.