An Increase in the Long-Run Aggregate Supply Curve Indicates That

question 75

Multiple Choice

An increase in the long-run aggregate supply curve indicates that

• A) the natural rate of unemployment has increased.
• B) unemployment has increased.
• C) the general level of prices has increased.
• D) potential real GDP has increased.

---

Definitions:

Ethnic Socialization

Ethnic-based messages communicated to children.

Ethnic Socialization

The process through which individuals learn about the culture, traditions, values, and social norms of their ethnic group.

Ethnic Schemas

Cognitive structures that contain knowledge, beliefs, and expectations about ethnic or racial groups, influencing how we process information about and behave towards different groups.

Modeling

In acquiring gender roles and identities, the process by which children observe and imitate individuals of the same sex as themselves.