Exhibit 16-4 -Refer to Exhibit 16-4.If LRAS₁ Shifts to LRAS₂,and This Causes

question 138

Multiple Choice

Exhibit 16-4

-Refer to Exhibit 16-4.If LRAS₁ shifts to LRAS₂,and this causes AD₁ to shift to AD₂,economists would call this a

• A) rational expectations cycle.
• B) policy ineffectiveness proposition.
• C) short run Phillips curve.
• D) real business cycle.

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Biodiversity

The variety of life in the world or in a particular habitat or ecosystem, indicating the health and resilience of biological systems.

Water Supplies

The availability of water resources to meet the consumption needs of individuals, communities, and ecosystems.

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Designated natural areas protected for public enjoyment and preservation of wildlife, usually operated by national governments.

Land Mass

A large contiguous area of land on the Earth's surface, distinguished from smaller landforms and bodies of water.