Given the Shift of the Aggregate Demand Curve from AD₁

question 31

Multiple Choice

Given the shift of the aggregate demand curve from AD₁ to AD₂ in Exhibit 14A-1,the real GDP and price level (CPI) in long-run equilibrium will be:

• A) $8 billion and 150.
• B) $12 billion and 200.
• C) $8 billion and 250.
• D) $8 billion and 200.

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Definitions:

Manifest Content

In psychoanalytic theory, particularly in the context of Sigmund Freud's work, this term refers to the actual literal content and storyline of a dream as remembered by the dreamer.

Latent Content

The underlying, unconscious thoughts and feelings that a dream represents, in psychoanalytic theory.

Oedipal Content

Psychological concepts related to the Oedipus complex, Freud's theory of a child's feelings of desire for the opposite-sex parent and jealousy toward the same-sex parent.

Reaction Formation

A psychological strategy wherein a person subconsciously swaps out undesirable emotions or ideas with their direct contrasts.