-Refer to the Above Figure

question 47

Multiple Choice

-Refer to the above figure. Unexpected expansionary monetary policy has caused the aggregate demand curve to shift to AD₂. In the long run

• A)the unemployment rate will be the same rate as before the expansionary monetary policy.
• B)the unemployment rate will be larger than the rate before the expansionary monetary policy.
• C)the unemployment rate will be smaller than the rate before the expansionary monetary policy.
• D)the unemployment rate can increase or decrease depending upon how much the LRAS will shift.

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Definitions:

Autonomy versus Shame and Doubt

A stage in Erik Erikson’s theory of psychosocial development where toddlers learn to exercise will and do things for themselves or they doubt their abilities.

Animism

The conviction that every object, location, and being holds a unique spiritual presence.

Postconventional Moral Reasoning

A stage of moral development where individuals make decisions based on internal principles and the consideration of universal ethical rules.

Object Permanence

The understanding that objects continue to exist even when they cannot be observed.