In the Basic AD/AS Macro Model,which of the Following Events

question 30

Multiple Choice

In the basic AD/AS macro model,which of the following events could cause a negative AS shock?

• A)a large decrease in wages
• B)a large increase in business confidence
• C)a large decrease in the net tax rate
• D)a widespread outbreak of a serious infectious disease
• E)a large increase in labour productivity

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Definitions:

Olfaction

The sense of smell, a chemical sensing system for detecting and identifying scents in the environment.

Top-Down Processing

is an approach to understanding by starting with the larger concept or idea and working down to the details.

Bottom-Up Processing

A cognitive process where sensory analysis starts with the input from the environment and works up to the formation of perception and cognition.

Biopsychosocial Approach

A comprehensive perspective that considers the complex and varied interplay of biological, psychological, and social factors as determining factors in the outcome of a disease.