Use the Figure Below to Answer the Following Question(s)

question 145

Multiple Choice

Use the figure below to answer the following question(s) . Figure 10-16
Suppose an economy is currently operating at output Y₁ associated with AD₁ and SRAS₁, shown in Figure 10-16. Initially, the output of this economy is

• A) above its potential, and the rate of unemployment is greater than the natural rate.
• B) below its potential, and the rate of unemployment is greater than the natural rate.
• C) above its potential, and the rate of unemployment is less than the natural rate.
• D) below its potential, and the rate of unemployment is less than the natural rate.

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Definitions:

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Adaptive Value

The extent to which a trait or behavior increases the odds of survival and reproduction for an organism in its environment.

Classical Conditioning

The educational process of repeatedly combining two stimuli; a reaction that initially occurs in response to the second stimulus eventually happens in response to the first stimulus alone.

Scientific Methodology

A systematic approach to research in which a problem is identified, relevant data are gathered, a hypothesis is formulated from these data, and the hypothesis is empirically tested.