Suppose an Expansionary Gap Is Closed in the Long Run

question 81

Multiple Choice

Suppose an expansionary gap is closed in the long run by firms' actions.How will output level and price level be affected?  

• A) Output will decrease and price level will increase. 
• B) Output will increase and price level will decrease. 
• C) Output will increase and price level will increase. 
• D) Output will decrease and price level will decrease.

Recognize the influence of culture on behavior and psychological theories.

Appreciate the subjective nature of human experience and its impact on psychological research and theory.

Understand the significance of methodological approaches in psychology, such as behaviorism's focus on observable behavior.

Understand the symptoms and diagnostic criteria of PTSD.

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Definitions:

Phenomenological Theory

A philosophical approach that emphasizes the subjective experience and interpretation of individuals to understand reality.

Deviance

Behaviors or actions that violate social norms, including formally-enacted rules as well as informal violations of social norms (e.g., rejecting folkways and mores).

Phenomenologists

Scholars or philosophers who study the structure of experiences to understand the essence of phenomena as consciously experienced from the first-person perspective.

Ethnography

A qualitative research method focusing on the systematic study of people and cultures from the insider perspective.