Given the Shift of the Aggregate Demand Curve from AD₁

question 7

Multiple Choice

Given the shift of the aggregate demand curve from AD₁ to AD₂ in Exhibit 6, the real GDP and price level (CPI) in long-run equilibrium will be:

• A)$10 billion and 200.
• B)$4 billion and 150.
• C)$10 billion and 150.
• D)$10 billion and 100.

Ability to construct and answer relevant essay questions based on course material.

Understand the Thomas theorem and its application in social situations.

Compare and contrast primary, secondary, and resocialization processes.

Grasp George Herbert Mead's stages of development.

---

Definitions:

Accord

A formal agreement between two or more parties, especially countries or organizations.

Satisfaction

The satisfaction or appeasement of a want, necessity, or craving.

Contractual Obligation

A contractual obligation is a duty or responsibility recognized by law that arises out of a contract agreement between parties.

Breach Of Contract

The failure of one party to fulfill the terms agreed upon in a contract, potentially leading to legal action for remedies.