Refer to the Graph $\mathrm { AS } _ { \mathrm { LR } 2 } \text { to } \mathrm { AS } _ { \mathrm { LR1 } }$

question 77

Multiple Choice

Refer to the graph. It is given that the economy is at an initial equilibrium at point A. In the mainstream economic view, the effect of a signi?cant increase in productivity on the economy can
Best be represented by a shift from

• A) \(\mathrm { AS } _ { \mathrm { LR } 2 } \text { to } \mathrm { AS } _ { \mathrm { LR1 } }\)
• B) \(A D _ { 1 } \text { to } A D _ { 2 }\)
• C) \(AS _ { } { } _ { \mathrm { LR } 1 } \text { to } A S _ { \mathrm { LR } 2 } \text {. }\)
• D) \(A D _ { 2 } \text { to } A D _ { 1 }\)

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Definitions:

Distal Outcomes

Results or consequences that occur over a long period of time or are removed from the immediate context of an action or decision.

Proximal Outcomes

Immediate results or effects that are closely connected to an action or intervention, often measured in the short term.

Anticipatory Socialization

The process through which individuals learn and adopt the norms, values, behaviors, and social skills necessary for future roles and social memberships.

Conformity

Adjusting one's behavior or thinking to match those of others or adhere to group norms.