Exhibit 14A-4 Macro AD-AS Model

question 55

Multiple Choice

Exhibit 14A-4 Macro AD-AS Model

-In Exhibit 14A-4,point P₂,Y₁ represents:

• A) that the economy needs policies to reduce unemployment.
• B) a long-run equilibrium.
• C) a short-run equilibrium.
• D) that the economy is at full employment.

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Definitions:

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Erik Erikson

A developmental psychologist known for his theory on the psychosocial development of humans, emphasizing the impact of society and culture.

Lawrence Kohlberg

An American psychologist best known for his theory of stages of moral development.

Conservation

The protection, preservation, management, or restoration of natural environments and the ecological communities that inhabit them.