When Output Exceeds Its Full-Employment Level

question 38

Multiple Choice

When output exceeds its full-employment level,

• A)the short-run aggregate supply function shifts up.
• B)wages fall.
• C)the short-run aggregate supply function shifts down.
• D)aggregate supply exceeds aggregate demand.

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Definitions:

Sexual Stereotyping

The process of assigning overly simplistic and generalized beliefs or roles to individuals based on their sexual orientation or gender.

Discrimination

Unfair treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by prejudice towards other groups.

Ethnicity

A social group that shares a common and distinctive culture, religion, language, or the like.