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:
Definitions:
Social Cognition
The study of how people process, store, and apply information about other people and social situations.
Personal Schema
An individual's belief system or cognitive framework that influences how they interpret and make sense of the world around them.
External Attributions
Ascribing the causes of behavior to situational demands and environmental constraints.
Extrinsic Factors
External elements or influences that motivate behavior, not inherent to the individual's internal desires.
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