Consider the AD/AS Macro Model

question 109

Multiple Choice

Consider the AD/AS macro model.An important asymmetry in the behaviour of aggregate supply is the

• A)changing slope of the aggregate demand curve.
• B)difference between actual and potential output.
• C)different relative sizes of inflationary versus recessionary gaps.
• D)economy's path of potential output as a result of labour force growth.
• E)different speeds at which factor prices adjust to positive and negative output gaps.

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A complex emotional response to isolation or lack of companionship, where a person feels disconnected from others.

Upper Middle Class

A socioeconomic group characterized by high income, significant educational attainment, and professional or managerial jobs.

White

A color without hue that reflects and scatters all the visible wavelengths of light.

Suburbs

Residential areas on the outskirts of a city or large town.