In the Aggregate Demand-Aggregate Supply Model, Everything Else Remaining Unchanged

question 10

Multiple Choice

In the aggregate demand-aggregate supply model, everything else remaining unchanged, an increase in taxes causes the____ curve to shift_____ .

• A)short-run aggregate-supply; right
• B)short-run aggregate-supply; left
• C)aggregate-demand; left
• D)aggregate-demand; right

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Definitions:

Behaviourism

A psychological approach focusing on observable behaviors and their environmental determinants, emphasizing the effects of learning and conditioning.

Observational Learning

A learning process through which behaviors are acquired by watching and imitating others.

Reinforcer

Any stimulus that, when presented after a response, increases the likelihood of that response occurring in the future.

Archetype

A universally understood symbol or term or pattern of behavior, a prototype upon which others are copied, patterned, or emulated.