Suppose the Economy Is Hit by a Shock and We

question 105

Multiple Choice

Suppose the economy is hit by a shock and we observe that the price level has and whereas real GDP has increased. We can conclude that this shock was

• A)a negative AS shock.
• B)a negative technology shock.
• C)a positive AS shock.
• D)a negative AD shock.
• E)a positive AD shock.

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Definitions:

Nativist Position

A theory in cognitive development asserting that certain skills or abilities are "native" or hard-wired into the brain at birth.

Socialization

The process by which individuals learn and adopt the norms, values, attitudes, and behaviors accepted and practiced by their society or social group.

Interactionist Position

A theoretical perspective that emphasizes the combined effects of biological factors and environmental influences on human behavior and traits.

Authoritative

A parenting style characterized by a high level of demand and high responsiveness, balancing strict guidelines with emotional support and communication.