When the Price Level in the United States Rises, Then

question 2

Multiple Choice

When the price level in the United States rises, then net exports should

• A)rise and equilibrium real GDP should increase.
• B)fall and equilibrium real GDP should increase.
• C)fall and equilibrium real GDP should decrease.
• D)rise and equilibrium real GDP should decrease.

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Definitions:

Outgroup Homogeneity

The tendency to view members of outside groups as more similar to each other than members of one's own group.

Equal Pay

The principle or practice of paying employees equally for the same or equivalent work, regardless of gender, ethnicity, or other factors not related to their performance or qualifications.

Sexist

A term referring to prejudice or discrimination based on sex or gender, typically against women, in the belief or attitude that one sex is superior to the other.

Ultimate Attribution Error

A cognitive bias where individuals attribute negative actions of out-group members to their inherent characteristics while attributing positive actions to situational factors.