When a Long-Term Aggregate Supply Curve Is Drawn with Real

question 121

Multiple Choice

When a long-term aggregate supply curve is drawn with real GDP (Y) along the horizontal axis and the price level (P) along the vertical axis, this curve:

• A) slopes upward and to the right.
• B) slopes downward and to the right.
• C) is horizontal.
• D) is vertical.

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Definitions:

Effortful Control

The capacity to regulate one's behavior, emotions, and thoughts in the pursuit of long-term goals, often in the face of external demands or distractions.

Extraversion/Surgency

A personality trait marked by outward energy, sociability, talkativeness, assertiveness, and a high level of engagement with the external world.

Negative Affectivity

A personality trait characterized by a tendency to experience negative emotions such as sadness, anxiety, and anger more frequently and intensely than others.

Activity Level

A term in developmental psychology referring to the overall energy and frequency of behaviors displayed by an individual.