The Figure Below Shows Equilibrium in an Aggregate Demand-Aggregate Supply

question 21

Multiple Choice

The figure below shows equilibrium in an aggregate demand-aggregate supply model.In this figure,the shift from AS to AS' is likely to occur when:

• A)the actual price level is higher than expected.
• B)the actual price level is lower than expected.
• C)the unemployment rate is lower than the natural rate.
• D)the actual output is more than the potential output.
• E)the aggregate demand curve intersects the short-run aggregate supply curve at the potential output.

Differentiate between various statistical theorems (Tchebysheff's Theorem and the Empirical Rule) and their applicability.

Apply Tchebysheff's Theorem to estimate the bounds of data distributions.

Apply the Empirical Rule to mound-shaped distributions to determine data spread.

Calculate and interpret z-scores within a data set.

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Definitions:

Sadness

Sadness is an emotional state characterized by feelings of unhappiness and low mood, often in response to an event or situation.

Positive Emotions

Feelings that are enjoyable and uplifting, such as joy, happiness, and love, contributing to well-being and satisfaction.

Anxiety

A feeling of worry, nervousness, or unease, often about an imminent event or something with an uncertain outcome.

Hunger

Hunger refers to the physical sensation or condition that arises from the need for food, driving individuals to seek and consume sustenance.