12.2 Equilibrium in Aggregate Demand and Supply Analysis

question 84

Multiple Choice

12.2 Equilibrium in Aggregate Demand and Supply Analysis
AD - AS Equilibrium
-On the graph above,if inflation is rising,while the quantity demanded and output are rising,the economy may be at a point on ________.

• A)the aggregate supply curve above the aggregate demand curve
• B)the aggregate supply curve below the aggregate demand curve
• C)the aggregate demand curve above the aggregate supply curve
• D)the aggregate demand curve below the aggregate supply curve
• E)none of the above

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Definitions:

Cultures

The shared beliefs, norms, behaviors, and symbols that a group of people accepts, generally without thinking about them, and that are passed along by communication and imitation.

McCrae and Costa

McCrae and Costa are best known for their development of the Five Factor Model of personality, which outlines five broad dimensions of personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Sociability

The tendency to seek and enjoy the company of others; being friendly and social.

Emotionality

The observable behavioral and physiological component of emotion; refers to a person's intensity and frequency of emotional expressions.