The Diagram Below Shows an AD/AS Model for a Hypothetical

question 93

Multiple Choice

The diagram below shows an AD/AS model for a hypothetical economy.The economy begins in long-run equilibrium at point A.
FIGURE 24-3
-Refer to Figure 24-3.Which of the following events could have shifted the AD curve from AD1 to AD2?

• A)an increase in net exports
• B)an increase in government purchases
• C)an increase in desired investment
• D)an increase in autonomous household saving
• E)an increase in autonomous consumption

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Definitions:

Collectivism

Refers to cultural values that emphasize the importance of community, cooperation, and the collective over the desires and needs of the individual.

Psychological Distress

Psychological distress refers to a range of emotional suffering often characterized by symptoms of depression and anxiety.

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting thoughts, beliefs, or values at the same time.

American Samples

Research participants or datasets originating from the United States.