In Macroeconomic Modelling,as Price Flexibility Increases ________

question 34

Multiple Choice

In macroeconomic modelling,as price flexibility increases ________.

• A)the short-run aggregate supply schedule will get flatter
• B)the short-run aggregate supply schedule will get steeper
• C)the short-run aggregate supply schedule will shift to the right
• D)the short-run aggregate supply schedule will shift to the left

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Definitions:

Desensitization

A technique used to reduce or eliminate an organism's response to a stimulus by repeated exposure to that stimulus.

Implosion

A rapid inward collapse of a structure or material, often used in psychology to refer to a therapeutic technique for confronting fears.

Obsessive-Compulsive Disorder

A mental health disorder characterized by repetitive, unwanted thoughts (obsessions) and behaviors (compulsions) that drive an individual to act in certain ways.

Lower Intelligence

A term used to describe IQ scores or cognitive abilities that are significantly below the average for a person's age group.