Examlex

Solved

Use the Following to Answer Questions

question 260

Multiple Choice

Use the following to answer questions: Use the following to answer questions:   -(Figure: AD-AS) Refer to Figure: AD-AS.Suppose the economy is producing the output level Y<sub>P</sub> and a negative demand shock shifts the AD<sub>1</sub> curve to AD<sub>3</sub>.The economy now has a(n) _____ gap,which can be closed by _____ fiscal policy. A)  inflationary;expansionary B)  recessionary;contractionary C)  recessionary;expansionary D)  inflationary;contractionary
-(Figure: AD-AS) Refer to Figure: AD-AS.Suppose the economy is producing the output level YP and a negative demand shock shifts the AD1 curve to AD3.The economy now has a(n) _____ gap,which can be closed by _____ fiscal policy.


Definitions:

Conscientiousness

A personality trait characterized by thoroughness, carefulness, and the desire to do things well.

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, irritability, and sadness.

Ryff Well-Being Inventory

A psychological assessment tool developed by Carol Ryff that measures six components of well-being: autonomy, environmental mastery, personal growth, positive relations with others, purpose in life, and self-acceptance.

Six Dimensions

often refers to models of human well-being that include dimensions such as physical, psychological, spiritual, social, economic, and environmental aspects.

Related Questions