In the Short Run,a Negative Real Shock Will Cause Output

question 114

Multiple Choice

In the short run,a negative real shock will cause output growth to:

• A) increase.
• B) decrease.
• C) remain unchanged.
• D) become more difficult to predict.

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Definitions:

Co-variation Inferences

Logical deductions made when determining the cause of an observed effect by noting the time or situation when the effect varies.

Ingroup

A group to which a person identifies as being a member, often leading to a sense of belonging and loyalty.

Internal Attribution

The inference that a person is behaving in a certain way because of something about the person, such as attitude, character, or personality.

External Attribution

The process of attributing the cause of someone's behavior to external factors or situations beyond the individual's control.