A Lower Price Level Combined with a Decrease in Real

question 112

Multiple Choice

A lower price level combined with a decrease in real GDP occurs when the

• A) short-run aggregate supply curve shifts rightward.
• B) aggregate demand curve shifts rightward.
• C) short-run aggregate supply curve shifts leftward.
• D) aggregate demand curve shifts leftward.

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Definitions:

Phobias

Intense, irrational fears of specific objects, activities, or situations that lead to a desire to avoid them.

Classical Conditioning

The practice of learning by frequently pairing two stimuli together; a response first provoked by the second stimulus is later provoked by the first stimulus without the second.

Conditioned Emotional Response

An emotional reaction acquired through classical conditioning, where a previously neutral stimulus is paired with an emotionally charged stimulus.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, elicits a conditioned response.