Consider the Basic AD/AS Model,and Suppose There Is a Negative

question 138

Multiple Choice

Consider the basic AD/AS model,and suppose there is a negative output gap.If an expansionary fiscal policy is pursued and the AS curve shifts leftward unexpectedly,the fiscal policy may be ________,and real GDP may ________ potential GDP.

• A)too weak; stay below
• B)too weak; rise above
• C)too strong; stay below
• D)too strong; rise above
• E)appropriate; equal

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Definitions:

Temperature

A measure of the degree of internal heat or thermal energy in a substance or environment, often indicated in degrees Celsius (°C), Fahrenheit (°F), or Kelvin (K).

Incomplete Dominance

A genetic situation in which two alleles produce a phenotype that is a blend of both parental traits.

Codominant

Codominant refers to a genetic scenario where two different alleles of a gene are expressed equally in the phenotype of a heterozygote.

Recessive

A term for a gene that directs the development of a particular characteristic only if the corresponding gene on the other chromosome matches it—i.e., is the same allele.