Use the Figure Below to Answer the Following Questions

question 107

Multiple Choice

Use the figure below to answer the following questions.

Figure 26.3.1
-Refer to Figure 26.3.1. Consider statements (1) and (2) and select the correct answer. (1) The economy of Econoworld is experiencing an above full-employment equilibrium.
(2) SAS will automatically shift rightward as the economy adjusts to long-run equilibrium.

• A)(1)is true; (2)is false.
• B)(2)is true; (1)is false.
• C)(1)and (2)are false.
• D)(1)and (2)are true.
• E)(1)is true; (2)is true if unemployment is below the natural rate.

Comprehend the progression from concept to market entry, including the stages of innovation.

Distinguish between different forms of value and their implications for society and business.

Grasp the criteria that differentiate inventions from innovations and their market impact.

Recognize the importance of creativity and mental flexibility in generating and refining ideas.

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Definitions:

Positive Psychologists

Specialists in the field of psychology who focus on studying and fostering the strengths, virtues, and happiness that contribute to human flourishing.

Gestalt Theorists

Psychologists who emphasize that the whole of anything is greater than its parts, and focus on patterns and human perceptual capabilities.

Humanists

Individuals who focus on human values and concerns, advocating for human welfare and emphasizing the importance of human dignity, capabilities, and potential.

Behaviorists

Psychologists who focus on observable behaviors and the ways in which learning influences behavior, often emphasizing the role of environment over genetics.