When a Production Function Is Graphed with Real GDP on the Vertical

question 53

Multiple Choice

When a production function is graphed with Real GDP on the vertical axis and labor on the horizontal axis,a rise in labor ________________________which shifts the LRAS curve ____________ resulting in ______________________.

• A) shifts the production function up; rightward; economic growth
• B) shifts the production function down; leftward; a shrinking economy
• C) moves us up along a given production function; rightward; economic growth
• D) moves us down along a given production function; leftward; a shrinking economy

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Definitions:

Social Learning

A theory that suggests individuals learn new behaviors by observing and imitating others, as well as through the rewards or punishments that follow these behaviors.

Planned Behavior

A rephrased definition from Theory of Planned Behavior: Pertains to the actions individuals intend to perform, influenced by their attitudes towards the behavior, societal pressures, and their control over the behavior.

Macrosystem Level

Pertains to the broadest context in ecological systems theory, encompassing societal norms, economic systems, and cultural values that influence an individual's development.

Mesosystem Level

A term from ecological systems theory describing interactions between different microsystems or immediate environments, like home and school.