-Refer to the Above Diagram

question 52

Multiple Choice

-Refer to the above diagram.At the equilibrium price and quantity:

• A) aggregate demand exceeds aggregate supply.
• B) the amount of real output demanded and supplied are equal.
• C) aggregate demand equals aggregate supply.
• D) aggregate supply exceeds aggregate demand.

---

Definitions:

Sociohistorical Context

Sociohistorical context refers to how societal and historical factors influence and shape behaviors, events, and perceptions.

Classical Conditioning

Gaining knowledge through the connections made between an environmental cue and a stimulus that naturally exists.

Operant Conditioning

A method of learning that uses rewards and punishments to increase or decrease the likelihood of a behavior.

Behaviour Modification

A process of changing maladaptive or undesired behaviors through reinforcement strategies, punishment, or other learning techniques.