In the Short-Run, Any Fall in EP /P, Regardless

question 53

Multiple Choice

In the short-run, any fall in EP /P, regardless of its causes, will cause

• A) an upward shift in the aggregate demand function and an expansion of output.
• B) an upward shift in the aggregate demand function and a reduction in output.
• C) a downward shift in the aggregate demand function and an expansion of output.
• D) an downward shift in the aggregate demand function and a reduction in output.
• E) an upward shift in the aggregate demand function but leaves output intact.

---

Definitions:

Exclusion Prediction

The process or practice of forecasting the likelihood of individuals or entities being excluded or marginalized within social or economic systems.

Hidden Curriculum

The unwritten, informal, and often unintended lessons, values, and perspectives that students learn in school.

Self-Fulfilling Prophecy

A belief or expectation that an individual or group holds, consciously or subconsciously, that manifests because it is believed.

Class Consciousness

Awareness of one's social class and its implications, often associated with a sense of collective interests and the struggle between different classes, particularly in Marxist theory.