According to the Aggregate Demand and Aggregate Supply Model, in the Long

question 21

Multiple Choice

According to the aggregate demand and aggregate supply model, in the long run an increase in the money supply leads to

• A)increases in both the price level and real GDP.
• B)an increase in real GDP but does not change the price level.
• C)an increase in the price level but does not change real GDP.
• D)no change in either the price level or real GDP.

Understand the enforcement challenges of international law and the jurisdiction of international courts.

Recognize strategies for technology protection in the international business environment.

Comprehend the principles of the act of state doctrine and its implications for international relations and jurisdiction.

Understand the legal frameworks surrounding expropriation and its compliance with international law principles.

---

Definitions:

Cognitive Needs

Psychological requirements for understanding, curiosity, knowledge, and meaning.

Esteem Needs

According to Maslow's hierarchy, the human need for respect, self-esteem, and recognition from others.

Self-Actualization

A concept in psychology, particularly within the humanistic approach, referring to the realization of one's full potential, expressing one's creativity, quest for spiritual enlightenment, pursuit of knowledge, and desire to give to society.

Biological Drive

Innate impulses in living organisms that motivate behavior necessary for the survival of the individual and the species, such as hunger, thirst, and reproduction.