Exhibit 14-6 Aggregate Supply Curve

question 19

Multiple Choice

Exhibit 14-6 Aggregate supply curve

-In Exhibit 14-6,the economy's employment potential is fully exhausted at:

• A) GDP = $1,000 billion.
• B) GDP = $1,100 billion.
• C) GDP = $1,200 billion.
• D) GDP slightly above $1,200 billion.
• E) the employment potential is never fully exhausted.

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Definitions:

Visual Preference

The tendency to favor visual inputs or stimuli over those from other senses such as touch or hearing.

Robert Fantz

An American psychologist known for his research on infants' perception and cognition, notably the visual preference method.

Infants

Infants, often defined as those in their first year from birth, experience swift growth in both their physical and mental capacities.

Habituation Method

A research technique used in cognitive psychology to study the response patterns to stimuli, based on the principle that familiarity leads to a decrease in response.