-Refer to Exhibit 8-2

question 17

Multiple Choice

-Refer to Exhibit 8-2.What word (rises or falls) should go in blank (7) and blank (8) ,respectively,to summarize the resulting impact on short run equilibrium of the given change in the economy?

• A) rises; rises
• B) falls; falls
• C) rises; falls
• D) falls; rises

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Definitions:

Second-order Cybernetics

It's an approach to cybernetics that includes the observer as part of the system being studied, focusing on self-organizing, self-correcting systems.

First-order Cybernetics

An approach that studies systems, including their regulations and communications, from an external viewpoint without considering the system's self-awareness.

Systemic Practices

Approaches and methods that consider the interrelated components of a system, such as in families or organizations, aiming to address issues from a holistic perspective.

Assimilative Integration

An approach in psychotherapy that combines techniques from different schools of thought within the therapist's primary orientation.