Suppose We Observe Rising Nominal GDP, a Rising Price Level

question 280

Multiple Choice

Suppose we observe rising nominal GDP, a rising price level, and constant unemployment as a result of an increase in aggregate demand. We would conclude that the aggregate supply curve is

• A) upward sloping.
• B) downward sloping.
• C) vertical.
• D) horizontal.

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Definitions:

Virtual Reality Exposure Therapy

A method in psychotherapy that uses virtual reality technology to expose patients to stimuli related to their psychological issues.

Progressive Relaxation

A technique involving the tightening and then relaxing of different muscle groups to reduce physical tension and stress.

Virtual Reality Exposure Therapy

A form of psychotherapy that uses virtual reality technology to expose patients to simulations of their fears or traumatic memories as a way to treat anxiety disorders.

Counterconditioning Technique

A behavior therapy technique where an undesirable response to a stimulus is replaced with a more desirable response, often used in the treatment of phobias.