If the Economy Is in an Expansion, It Is Likely

question 83

Multiple Choice

If the economy is in an expansion, it is likely that

• A)the economy is not in equilibrium and is therefore not on the aggregate demand curve.
• B)the aggregate demand curve intersects the inflation adjustment line at a level of real GDP that is less than potential GDP.
• C)the aggregate demand curve and the inflation adjustment line do not intersect.
• D)the aggregate demand curve intersects the inflation adjustment line at a level of real GDP that is higher than potential GDP.
• E)aggregate expenditures are unequal to real GDP.

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Definitions:

Repression

A defense mechanism where unwanted or uncomfortable thoughts, feelings, or desires are unconsciously excluded from consciousness.

Freud

Sigmund Freud was an Austrian neurologist who founded the discipline of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Personality Changes

Alterations in an individual's characteristic patterns of thinking, feeling, and behaving, potentially due to various factors like life events, trauma, or mental health conditions.

Jung

Carl Jung, a Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for his concepts of the collective unconscious, archetypes, and introversion and extraversion.