Sally Is Enrolled in a High School Geometry Course, Which

question 235

Multiple Choice

Sally is enrolled in a high school geometry course, which she describes as "drawing figures and figuring drawings." In a typical class, students draw geometric figures and use a formula to calculate an aspect of the figure such as its area. Each time Sally uses a formula she is making use of what psychologists call __________

• A) heuristics.
• B) logarithms.
• C) algorithms.
• D) convergence.

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Definitions:

Inflation

The escalation rate of average prices for merchandise and services, causing a fall in the ability to purchase.

Aggregate Demand Curve

illustrates the total amount of goods and services that households, businesses, government, and foreign buyers collectively will desire at each possible price level.

Long Run Aggregate Supply

Represents the total output an economy can produce when using its resources in the most efficient way, without changing the price levels.

Expected Price Level

Expected price level refers to the anticipation of people regarding the general price level of goods and services in the economy in the future.