-In the Above Figure, What Could Cause the Shift of Aggregate

question 202

Multiple Choice

-In the above figure, what could cause the shift of aggregate demand fromAD₁ to AD₂?

• A)depletion of raw materials
• B)an increase in input prices
• C)a decrease in consumer confidence
• D)an increase in international trade barriers

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Definitions:

Cognitive Psychology

The branch of psychology that studies mental processes including perception, thinking, memory, and problem-solving.

Tolman

A psychologist known for his work on cognitive maps in rats and the concept of latent learning.

Model

An abstract representation or simulation of a real system, process, or concept used to understand, predict, or control its behavior.

Contiguity

The principle that for learning to take place, the stimulus and response should occur close together in time.