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Suppose that the economy is operating at potential output and the money supply increases. Aggregate output will _____ potential output, nominal wages will _____, and the SRAS will shift _____.
Conscious Awareness
The state of being awake and aware of one's surroundings, thoughts, and feelings.
Misleading Information
Incorrect or twisted information which leads to false impressions or conclusions.
Motivated Forgetting
A psychological process in which individuals subconsciously or consciously block out memories or information that is painful, embarrassing, or otherwise unpleasant.
Anxiety-Arousing Memories
Psychological phenomena where past memories cause significant distress due to their disturbing nature.
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