Assume an Economy Experiences an Increase in Productivity That Occurs

question 62

Multiple Choice

Assume an economy experiences an increase in productivity that occurs as a result of the more efficient use of existing technologies.Given this information,we would expect which of the following to occur?

• A)aggregate demand would not change
• B)aggregate demand would shift to the right
• C)aggregate demand would shift to the left
• D)both the aggregate demand and aggregate supply curves would shift to the left

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Definitions:

Unconditional Positive Regard

An accepting and non-judgmental attitude towards others, regardless of their behavior or beliefs.

Conditional Positive Regard

Acceptance and love received from others that is dependent on one's behavior meeting certain conditions or expectations.

Empathy

Empathy is the ability to understand and share the feelings of another, a key component of emotional intelligence and interpersonal relations.

Congruence

The degree to which a person's self-concept and their experiences are aligned, often used in psychology to indicate authenticity and psychological health.