Use the Following to Answer Question 7

question 36

Multiple Choice

Use the following to answer question 7:
-(Figure: AD-AS Model) Refer to Figure: AD-AS Model. Suppose that the economy is at Y_E with a price level of P_1. Which of the following would represent the new long-run equilibrium position if the aggregate demand curve shifted to the right from AD₁ to AD₂ as a result of an increase in the money supply?

• A) Y_E and P₂
• B) Y_E and P₁
• C) Y₁ and P₂
• D) Y_E and P₃

Explain the strengths and limitations of experimental research and participant observation in social sciences.

Discuss the ethical dimensions of sociological research, including the principles of informed consent and the debate over deception.

Understand the role of hypothesis testing and operationalization in the research process.

Analyze the role of subjectivity and the insider-outsider perspective in research.

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Definitions:

Insourcing

The practice of assigning tasks or projects to personnel within the organization instead of outsourcing to external entities.

Offshoring

The practice of relocating business processes or production to a foreign country to reduce costs.

Subcontracts

Secondary contracts that are assigned by a primary contractor to third parties to perform part of the work originally contracted.

Prime Contractor

The main contractor who has a direct contract with the client and takes overall responsibility for the execution of a project, subcontracting parts of the work to others as necessary.