The Position of the Long-Run Aggregate Supply Curve

question 89

Multiple Choice

The position of the long-run aggregate supply curve

• A)is determined by resource usage and technology.
• B)is at the point where the unemployment rate is zero.
• C)shifts to the right when the money supply increases.
• D)is at the point where the economy would cease to grow.

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Definitions:

Spontaneous Recovery

The reappearance of a previously extinguished response after a period of no exposure to the conditioned stimulus.

Latent Learning

Learning that occurs without noticeable reinforcement and is not demonstrated until there is an incentive to perform.

Vicarious Learning

The process of learning behaviors or forming attitudes based on observing the actions of others and the consequences of those actions.

Insight

The capacity to gain an accurate and deep intuitive understanding of a person or thing, often resulting in a sudden clear solution to a problem.