The Effects of 9/11 Were a Leftward Shift in the AD

question 43

True/False

The effects of 9/11 were a leftward shift in the AD curve; short-run output fell along the AS curve.

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Definitions:

Ambiguous

Open to more than one interpretation or having a double meaning.

External Locus

A belief that one's life events are largely influenced by external forces or the environment, as opposed to internal factors (contrast with internal locus of control).

Conscientiousness

A personality trait characterized by organization, responsibility, and thoroughness.

Locus of Control

Refers to an individual's belief about the extent to which their actions can influence the events that affect them.