Which of the Following Is a Major Goal of Short-Run

question 115

Multiple Choice

Which of the following is a major goal of short-run macroeconomic policy?

• A)Shift the production possibilities curve outward.
• B)Move toward the production possibilities curve.
• C)Shift the aggregate supply curve to the left.

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Definitions:

Unemployment

The condition of not having a job despite actively seeking work, often used as an economic indicator reflecting the health of an economy.

Foreign Policy

A government's strategy in dealing with other nations, defining how it interacts diplomatically, economically, and militarily with countries around the world.

Nuclear Arms Race

the competitive buildup of nuclear weapons, primarily between the United States and the Soviet Union during the Cold War, leading to the development of vast arsenals on both sides.

Soviet Union

A federal socialist state in Eurasia that existed from 1922 to 1991, officially known as the Union of Soviet Socialist Republics (USSR), characterized by its single-party government led by the Communist Party.