Business-Cycle Macroeconomics Involves Changes in Real GDP Around a ____________

question 144

Multiple Choice

Business-cycle macroeconomics involves changes in Real GDP around a ____________ LRAS curve,while economic-growth macroeconomics deals with increases in Real GDP resulting from a ______________ LRAS curve.

• A) rightward-shifting; fixed
• B) fixed; leftward shifting
• C) leftward shifting; fixed
• D) fixed; rightward-shifting

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Definitions:

Motivation Generated

The process through which inner or external factors stimulate desire and energy in people to be continually interested and committed to a job, role, or subject.

Incentive Motivation

A theory in psychology that argues behavior is directed toward attaining desirable stimuli and avoiding unwanted stimuli.

Latent Learning

The subconscious retention of information without reinforcement or immediate application, which becomes apparent when a situation calls for it.

Basic Emotions

Fundamental emotions that are universally recognized, such as happiness, sadness, fear, disgust, anger, and surprise.