Figure 15-4 -Refer to Figure 15-4.In the Figure Above,AD₁,LRAS₁ and SRAS₁ Denote

question 251

Multiple Choice

Figure 15-4

-Refer to Figure 15-4.In the figure above,AD₁,LRAS₁ and SRAS₁ denote AD,LRAS and SRAS in year 1,while AD₂,LRAS₂ and SRAS₂ denote AD,LRAS and SRAS in year 2.Given the economy is at point A in year 1,what is the actual growth rate in GDP in year 2?

• A) 2.5%
• B) 7.3%
• C) 8.0%
• D) 10.0%

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Definitions:

Metamemory

The awareness and understanding of one's own memory processes.

Chunking

A strategy for improving memory by breaking information down into smaller, more manageable units or groups, making it easier to process and remember.

Maintenance Rehearsal

A cognitive process involving the repetition of information to keep it in short-term memory or to encode it into long-term memory.

Visual Cues

Visual cues are visual signals or signs that convey information or instructions and can guide behavior, perception, or movement, playing a crucial role in communication and learning.