FIGURE 23-4 -Refer to Figure 23-4.Suppose the Canadian Economy Is Initially in Initially

question 142

Multiple Choice

FIGURE 23-4
-Refer to Figure 23-4.Suppose the Canadian economy is initially in equilibrium at point A.An unexpected shock then shifts both the AD and the AS curves as shown and results in a new equilibrium represented by point B.Which of the following events could cause such a shock?

• A)an increase in the net tax rate
• B)a decrease in firms' desired investment expenditures
• C)an increase in factor prices
• D)a decrease in labour productivity
• E)a decrease in the world price of oil

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Definitions:

Modifying Behavior

Techniques and strategies used to change undesirable behaviors into more positive actions through various forms of reinforcement or punishment.

Normal People

Individuals who exhibit typical or expected patterns of behavior and thought according to societal standards and norms.

Characterized By

Distinguished or marked by specific features, attributes, or traits.

Lack Of Freedom

A state in which an individual or group is restricted in their ability to make choices or act independently.