An Increase in the General Level of Prices in the Goods

question 107

Multiple Choice

An increase in the general level of prices in the goods and services market that is accompanied by a short-run expansion in output is most likely caused by

• A) an unanticipated decrease in aggregate demand.
• B) an unanticipated increase in aggregate demand.
• C) a favorable supply shock that shifts SRAS to the right.
• D) an unfavorable supply shock that shifts SRAS to the left.

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Definitions:

Socialization

The process by which individuals learn and adopt the norms, values, and behaviors appropriate to their society or social group.

Committed Compliance

Kochanska’s term for wholehearted obedience of a parent’s orders without reminders or lapses.

Situational Compliance

Kochanska’s term for obedience of a parent’s orders only in the presence of signs of ongoing parental control.

Caregiver

An individual who provides care and support to another person, often a family member or someone with a health concern or disability.