Sixty-Five-Year-Old Bernice Is Taking Courses at the University with the Intention

question 443

Multiple Choice

Sixty-five-year-old Bernice is taking courses at the university with the intention of completing a bachelor's degree. Some members of her family think she is not likely to succeed because she is much too old to learn new information. These family members are demonstrating:

• A) hindsight bias.
• B) the rule of commitment.
• C) cognitive dissonance.
• D) stereotyped thinking.

Recognize the factors that shape the aggregate demand curve and how shifts in aggregate demand affect the economy.

Understand the conditions for macroeconomic equilibrium and the role of government intervention according to Keynes.

Distinguish between the short-run and long-run aggregate supply curves and their significance in economic analysis.

Identify the Keynesian perspective on the causes of unemployment and potential solutions.