The Aggregate Supply Curve Will Shift to the Right When

question 94

Multiple Choice

The aggregate supply curve will shift to the right when the:

• A)amount of labour in the society decreases.
• B)capital stock of the society shrinks.
• C)amount of natural resources in the society gets smaller.
• D)amount of labour in the society increases.
• E)price level in the economy rises.

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Definitions:

Other-race Effect

The cognitive tendency to more easily recognize faces of the race that one is most familiar with, which often leads to difficulty in distinguishing faces from races less encountered.

Stereotyping

The act of generalizing attributes, characteristics, or behaviors to all members of a particular group without considering individual differences.

Ingroup Bias

The tendency to favor members of one's own group over those from different groups, often leading to prejudiced attitudes or discrimination.

Selective Attention

The cognitive process of focusing on a particular object in the environment for a certain period of time while ignoring irrelevant information that is simultaneously occurring.