Use the Following Graph to Answer the Following Questions

question 5

Multiple Choice

Use the following graph to answer the following questions.

-The difference between lines X1 and X2 represents a(n)

• A) aggregate demand change.
• B) aggregate demand bubble.
• C) long-run aggregate demand bubble.
• D) short-run aggregate supply change.
• E) long-run aggregate supply change.

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Definitions:

Self-fulfilling Prophecy

A belief or expectation that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.

Ethnocentrism

Ethnocentrism is the belief in the superiority of one's own ethnic group or culture, often accompanied by a disregard or contempt for other cultures.

Ageism

Prejudice and discrimination toward older people.

Self-esteem

Confidence and satisfaction in oneself; a reflection of how an individual values themselves.