Exhibit 14A-5 Macro AD-AS Model

question 40

Multiple Choice

Exhibit 14A-5 Macro AD-AS Model
 
Economic growth is represented in Exhibit 14A-5 by:

• A) leftward shift in the long-run aggregate supply curve (LRA
• S).
• B) inward shift of the production possibilities curve.
• C) rightward shift in the long-run aggregate supply curve (LRA
• S).
• D) movement along the long-run aggregate supply curve (LRA

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Definitions:

Fluid Intelligence

The aspect of intelligence involving the ability to reason quickly, think abstractly, and solve problems in novel situations, typically seen as independent of acquired knowledge.

Crystallized Intelligence

The ability to use knowledge that has been acquired through experience.

Metacognition

The ability to think about and understand one’s own cognitive processes and their effects.

Executive Functions

Cognitive processes including planning, problem-solving, and attention control, which are essential for goal-directed behavior.