The Wealth Effect, the Interest Rate Effect, and the International

question 113

Multiple Choice

The wealth effect, the interest rate effect, and the international trade effect account for the:

• A)positive slope of the short-run aggregate supply curve.
• B)the shape of the long-run aggregate supply curve.
• C)positive slope of the aggregate demand curve.
• D)negative slope of the aggregate demand curve.
• E)negative slope of the short-run aggregate supply curve.

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Definitions:

Union Membership

The state of being a member of an organization, known as a union, that represents the interests of workers in specific industries or workplaces.

Black Leaders

Individuals of African descent who have taken on leadership roles in various sectors such as politics, community initiatives, and social movements, often advocating for racial justice and equality.

Deindividuation

The feeling that one’s self has merged with a group.

Risky Shift

The tendency for group members, after discussion and interaction, to engage in riskier behavior than they would while alone.