Compared to an Initial Long-Run Equilibrium,an Aggregate Supply Shock That

question 17

Multiple Choice

Compared to an initial long-run equilibrium,an aggregate supply shock that reduces potential output results in a(n) _________ gap in the short run,and _________ output and _________ inflation in the long run.

• A) expansionary;lower;lower
• B) expansionary;lower;higher
• C) expansionary;higher;higher
• D) recessionary;potential;higher
• E) recessionary;lower;higher

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Definitions:

Spearman

A psychologist known for his work in intelligence, introducing the theory of general intelligence, or "g" factor, which posits a single underlying intelligence factor that influences cognitive abilities.

Bodily Kinesthetic

A learning style or intelligence that emphasizes physical movement and the awareness and control of bodily motions.

Intrapersonal

Relating to or within a person's own self, often used in context of internal thoughts, feelings, and communication.

Howard Gardner

Howard Gardner is an American developmental psychologist best known for his theory of multiple intelligences, which suggests that intelligence is multifaceted and not solely measured by IQ.