Which of the Following Would Shift the Short-Run Aggregate Supply

question 73

Multiple Choice

Which of the following would shift the short-run aggregate supply curve to the right?

• A) An increase in oil prices
• B) A reduction in the minimum wage
• C) A change in the law requiring overtime pay for anyone working more than 30 hours a week
• D) An increase in payroll taxes

Describe the cognitive processes involved in ingroup favoritism and outgroup prejudice.

Recognize the behavioral component of attitudes through examples.

Explain the concept of cognitive dissonance and its cultural variations.

Understand the role of social norms in shaping behavior and attitudes.

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Definitions:

Statistical Robustness

The ability of a statistical method or model to remain effective under a variety of conditions or assumptions.

Halo Error

A cognitive bias in performance appraisals where one trait of an individual influences the evaluator's view of other traits.

Recency Error

The tendency to evaluate someone's performance based on their most recent behavior rather than on a longer period of observational time.

Leniency Error

A bias in performance evaluations where the reviewer rates an individual more favorably than is warranted by his or her performance.