Consider the Above Figure

question 296

Multiple Choice

Consider the above figure. If the aggregate demand went from AD2 to AD3, our nation would have gone from

• A) a recessionary gap to an inflationary gap.
• B) a recessionary gap to full-employment real GDP.
• C) an inflationary gap to full-employment GDP.
• D) full-employment real GDP to an inflationary gap.

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Definitions:

Cognitive Processes

Mental activities that include thinking, understanding, learning, and remembering.

Introspection

Deliberate looking into one’s own cognitive processes to examine one’s thoughts and emotions.

Continuous Reinforcement

A schedule of reinforcement in which every correct response is reinforced.

Household Chore

A household chore is a task or duty that is typically performed in and around one's home, such as cleaning, cooking, or gardening, often regarded as part of the routine maintenance of the household.