- Suppose the Shift from AD0 to AD1 and from AS0

question 129

Multiple Choice

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Suppose the shift from AD0 to AD1 and from AS0 to AS1 is the result of fiscal policy. If the effect on _{--------------------}aggregate supply was larger than the figure above shows, as a result the price level would be_{--------------------}
110 and real GDP would be _{--------------------}$14 trillion.

• A)smaller than; less than
• B)equal to; larger than
• C)equal to; equal to
• D)higher than; larger than
• E)smaller than; larger than

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Definitions:

Schools

Institutions designed for the instruction and education of students under the guidance of teachers, varying in levels from primary to higher education.

Behavioral View

A perspective in psychology that focuses on observable behaviors and the ways in which they're learned through interactions with the environment.

Attachment

Attachment is an emotional bond between individuals, particularly in the context of a child's early relationships with caregivers, that has a profound influence on their social, emotional, and cognitive development.

Gratification

The pleasure or satisfaction obtained from achieving something desired or fulfilling a need.