An Increase in the Amount of Human Capital ________ the Short-Run

question 55

Multiple Choice

An increase in the amount of human capital ________ the short-run aggregate supply curve and ________ the long-run aggregate supply curve.

• A)does not shift; does not shift
• B)does not shift; shifts
• C)shifts; does not shift
• D)shifts; shifts

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Definitions:

Personality Traits

Enduring characteristics or behaviors that make up an individual's distinctive patterns of feeling, thinking, and behaving.

Strong Situation

Situations that have clear behavioral expectations, cues, or scripts that lead individuals to behave in a uniform manner.

Weak Situation

Situations that lack clear expected behaviors, rules, or strong cues on how to act, allowing for more variability in responses.

Self-schema

Cognitive structures that contain beliefs, experiences, and generalizations about the self, influencing how information about the self is processed.