In the Aggregate Demand/aggregate Supply Model, an Increase in a Country's

question 86

Multiple Choice

In the aggregate demand/aggregate supply model, an increase in a country's sustainable potential output is represented by

• A) an increase in aggregate demand.
• B) a decrease in aggregate demand.
• C) an increase in long-run aggregate supply.
• D) an increase in the general level of prices.

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Definitions:

Actual Abilities

The real skills, talents, and competencies that an individual genuinely possesses as opposed to perceived abilities.

Self-discrepancy Theory

A psychological model that explains how the difference between one's actual self and ideal or ought selves affects emotional states.

Ought Self

A component of self-discrepancy theory referring to the representation of the attributes someone believes they should possess, often influenced by societal expectations.

Actual Self

Represents one's perception of who they are at the present moment, encompassing current attributes and qualities.