Figure 13-3 -Refer to Figure 13-3.Which of the Points in the Above

question 207

Multiple Choice

Figure 13-3
-Refer to Figure 13-3.Which of the points in the above graph are possible short-run equilibria but not long-run equilibria? Assume that Y₁ represents potential GDP.

• A)A and B
• B)A and C
• C)C and D
• D)B and D

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Definitions:

Frustration-Aggression Principle

The principle that frustration—the blocking of an attempt to achieve some goal—creates anger, which can generate aggression.

Air Out

The act of exposing something to air to remove moisture, odors, or stale air, often to freshen it.

Reinforcement

A concept in psychology that involves increasing the likelihood of a behavior by following it with a positive or negative consequence.

Modeling

The act of learning by observing and replicating others’ behaviors, attitudes, or emotional expressions.