Consider the Basic AD/AS Macro Model in Long-Run Equilibrium

question 145

Multiple Choice

Consider the basic AD/AS macro model in long-run equilibrium.A permanent expansionary AD shock has ________ price-level effect in the short run and ________ price-level effect in the long run.

• A)a positive; no
• B)a negative; no
• C)a positive; an even larger
• D)a positive; a smaller
• E)a negative; a positive

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Definitions:

Testes And Ovaries

The primary reproductive organs in males (testes) and females (ovaries), responsible for producing gametes and hormones.

Sexual Development

The process of maturing physically and emotionally that involves the development of secondary sex characteristics and reproductive systems.

Endocrine System

A network of glands and organs that produce, store, and release hormones into the bloodstream, regulating various bodily functions and processes.

Glands

Organs or tissues in the body that create chemicals that control many bodily functions.