How Would Supply Affect the Aggregate Output of an Economy

question 87

Multiple Choice

How would supply affect the aggregate output of an economy?

• A) Supply would decrease aggregate output.
• B) Increases in both would cause inflation.
• C) Aggregate output would grow with supply.
• D) Supply would have no direct effect on aggregate output.
• E) Aggregate output would increase the money supply.

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Definitions:

Albert Ellis

A prominent 20th-century psychologist who developed Rational Emotive Behavior Therapy (REBT), a form of psychotherapy that focuses on identifying and changing irrational beliefs.

ABC Theory

A concept in psychology that suggests that a person's belief (B) about an event (A) affects their consequent emotional and behavioral responses (C).

Cognitive Therapy

A type of psychotherapy that identifies and helps change negative thought patterns and behaviors.

Cognitive Therapy

A type of psychotherapeutic treatment that helps patients understand the thoughts and feelings that influence behaviors, focused on changing negative thought patterns.