-Refer to the Above Figure

question 218

Multiple Choice

-Refer to the above figure. Suppose the economy's initial equilibrium is represented by the intersection of LRAS₁ and AD₁. Suppose there is a persistent reduction in labor force participation, which reduces total planned production at any given price level. The resulting change in the economy's long-run equilibrium position would be represented by a

• A)movement from A to C.
• B)movement from A to B.
• C)movement from B to C.
• D)movement from C to A.

---

Definitions:

Chunking

A method of organizing information into manageable units or chunks, improving recall in memory.

Memory-enhancing Process

Techniques or activities that improve the ability to remember information, such as the method of loci or use of mnemonic devices.

Memorable Dates

Significant dates that are easily remembered due to their importance or emotional impact.

Short-term Memory

A capacity for holding a small amount of information in mind in an active, readily available state for a short period of time.