-In the above figure, what factor might have caused the shift in the short-run Phillips curve from SRPC₁ to SRPC₂?
Definitions:
Repression
A defense mechanism proposed by psychoanalytic theory, where a person unconsciously blocks out painful, uncomfortable, or threatening memories, thoughts, or desires from consciousness.
Projection
A defense mechanism where individuals attribute their unwanted feelings or impulses onto someone else, rather than admitting to or dealing with the unwanted feelings themselves.
Identification
The process of associating oneself with certain characteristics of another person, group, or idea, often as a role model or for the sake of establishing one's identity.
Self-Esteem
An individual's overall subjective evaluation of their own worth or value.
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