According to the Real Business Cycle Model,a Rightward Shift in the Long-Run

question 36

Multiple Choice

According to the real business cycle model,a rightward shift in the long-run aggregate supply schedule would be caused by ________.

• A)a negative supply shock
• B)an increase in aggregate demand
• C)a positive supply shock
• D)a decrease in aggregate demand

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Definitions:

Physical Attractiveness Stereotype

The inclination to believe that people who are visually appealing also have other appealing social characteristics.

General Expectation

A broad anticipation or belief about what will happen in the future, often based on past experiences or societal norms.

Familiarity Effect

A psychological phenomenon where people develop a preference for things simply because they are familiar with them.

Attractive Student

A pupil who is considered pleasing or appealing to the senses, often influencing social interactions and perceptions.