Which of the Following Would Cause Prices and Real GDP

question 15

Multiple Choice

Which of the following would cause prices and real GDP to rise in the short run?

• A)short-run aggregate supply shifts right
• B)short-run aggregate supply shifts left
• C)aggregate demand shifts right
• D)aggregate demand shifts left

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Definitions:

Gender Differences

Variations in the physical, psychological, and behavioral characteristics typically associated with being male or female.

Age Differences

Variations in behaviors, attitudes, or attributes that are attributable to different ages or stages in the life cycle.

Adaptation-Level Phenomenon

The psychological process by which individuals adjust their expectations and perceptions based on past experiences, influencing how new stimuli are perceived.

Relative Deprivation

The feeling of dissatisfaction or injustice that arises from comparing one's situation unfavorably to others or to one's expectations.