An Important Assumption in the AD/AS Macro Model Is That

question 11

Multiple Choice

An important assumption in the AD/AS macro model is that when real GDP is less than potential output,factor prices adjust and the

• A)AS curve shifts to the left fairly rapidly.
• B)AS curve shifts to the right only very slowly.
• C)AS curve shifts to the right very rapidly.
• D)AD curve shifts to the left rapidly.
• E)None of the above - the AS curve remains unchanged.

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Definitions:

ABC Television

A major American television network that offers a wide range of programming, including news, entertainment, and sports.

Disney

An iconic American multinational entertainment and media conglomerate known for its film studio, theme parks, and vast portfolio of characters and intellectual properties.

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The phase in filmmaking that includes the planning and preparation of a project before actual shooting begins.

Packaging

The process of enclosing or protecting products for distribution, sale, and use.