A Decrease in Aggregate Demand Tends to Cause a ____

question 56

Multiple Choice

A decrease in aggregate demand tends to cause a ____ a short run Phillips curve at first, then cause a ____ in the short run Phillips curve as people adjust their expectations.

• A)​Movement up along; upward shift.
• B)​Movement up along; downward shift.
• C)​Movement down along; upward shift.
• D)​Movement down along; downward shift.

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Definitions:

Cognitive Dissonance Theory

A psychological theory suggesting that individuals experience discomfort when they hold two or more conflicting beliefs, ideas, or values and they are motivated to reduce this inconsistency.

Behavior Change

Behavior change involves modifying an individual's actions or reactions to achieve a specific outcome, often targeted in therapeutic and health promotion contexts.

MI Strategies

Techniques used in Motivational Interviewing, a counseling approach designed to help individuals find the motivation to make positive decisions and accomplish their goals.

Change Talk

In therapy and counseling, the client's verbal indication of consideration of, motivation for, or commitment to change.