Consider the AD/AS Model, and Suppose That the Economy Begins

question 79

Multiple Choice

Consider the AD/AS model, and suppose that the economy begins at potential output. The effect of a positive AS shock on real GDP will be reversed in the long run with a shift in .

• A)leftward; AS
• B)leftward; AD
• C)leftward; Y*
• D)rightward; AD
• E)rightward; AS

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Definitions:

Assessment Techniques

Methods and tools used to evaluate, measure, and document the abilities, skills, performance, or characteristics of individuals or groups.

Educational Attainment

The highest level of education an individual has completed.

High Motivation

A strong drive or eagerness to achieve goals and accomplish tasks.

Dual Diagnosis

The co-occurrence of substance abuse or dependence alongside another psychiatric disorder, creating a complex condition that can be challenging to treat.