Real GDP Definitely Increases If

question 284

Multiple Choice

Real GDP definitely increases if

• A)both the AD curve and the AS curve shift rightward.
• B)both the AD curve and AS curve shift leftward.
• C)the AD curve shifts leftward and the AS curve shifts rightward.
• D)the AS curve shifts leftward and the AD curve does not shift.
• E)potential GDP decreases so that real GDP exceeds potential GDP.

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Definitions:

Positive Development

The growth or progress in a beneficial direction, enhancing personal, social, or cognitive capacities.

Generativity versus Stagnation

A stage in Erikson's theory of psychosocial development where middle-aged adults face the challenge of contributing to society versus a focus on personal stagnation.

Ego Identity

A sense of oneself as a distinct, continuous entity, as conceptualized by Erik Erikson, developed through resolving various psychological and social conflicts.

Personality Development

The gradual growth and change in an individual's personality characteristics and behavioral patterns throughout life.