For a Given Level of Inflation, If Concerns About Future

question 90

Multiple Choice

For a given level of inflation, if concerns about future weakness in the economy cause businesses to reduce their spending on new capital, then the ________ shifts ________.

• A)aggregate demand curve; right
• B)short-run aggregate supply line; downward
• C)aggregate demand curve; left
• D)short-run aggregate supply line; upward

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Definitions:

Learned Helplessness

A condition in which an individual learns to feel powerless and stops trying to change their situation, often a result of repeated failures or lack of control.

Seligman's Model

Refers to the learned helplessness theory, proposing that individuals may learn to perceive themselves as powerless in situations of repeated failure or discomfort.

Depressed Individuals

Refers to persons who are experiencing a state of low mood and aversion to activity, significantly affecting their thoughts, behavior, feelings, and sense of well-being.

Attributes

Qualities, features, or characteristics that are inherent in or ascribed to something or someone.