Figure 17-1 -Which of the Following Is True About the Economy Depicted

question 146

Multiple Choice

Figure 17-1

-Which of the following is true about the economy depicted in Figure 17-1?

• A)Tax incentives are being used to stimulate aggregate supply.
• B)Policy makers believe the costs of unemployment are higher than the costs of inflation.
• C)Contractionary monetary policy is being enacted to fight inflation.
• D)Prices are rising but real GDP is falling.

---

Definitions:

Concept Creation

The formulation of a general idea derived from specific instances or experiences.

Exemplars

Specific instances or examples that are representative of a category or concept, used in cognitive psychology to illustrate how people categorize items based on remembered instances.

Explicit Learning

A learning process that involves conscious awareness of what is being learned, typically verbalized or explained.

Implicit Learning

Learning that occurs without conscious awareness of what has been learned.