From 2001 to 2005 There Was a Dramatic Rise in the Price

question 61

Multiple Choice

From 2001 to 2005 there was a dramatic rise in the price of houses.If this rise made people feel wealthier,then it would have shifted

• A)aggregate demand right.
• B)aggregate demand left.
• C)aggregate supply right.
• D)aggregate supply left.

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Definitions:

Group Polarisation

Tendency for group discussion to produce more extreme group decisions than the mean of members’ pre-discussion opinions, in the direction favoured by the mean.

Prototypical Leaders

Individuals who exemplify the most characteristic qualities of leadership, often influencing group norms and expectations.

Prototype Conformity

The tendency to conform to a general, idealized example or standard within a particular category or cultural expectation.

Group Norms

The unwritten rules and expectations that guide behavior within a group, influencing how members act, communicate, and interact.