In the Short- Run, Real GDP Can Be Greater Than

question 215

Multiple Choice

In the short- run, real GDP can be greater than or less than potential GDP because in the short run the

• A) full- employment level of employment is fixed.
• B) money wage rate is fixed.
• C) price level is fixed.
• D) quantity of capital is fixed.

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Definitions:

Reinforcing

The process of increasing the likelihood of a behavior's occurrence by adding or removing a stimulus following the behavior.

Disruptive

Behavior that interrupts or disturbs the normal flow or operation of activities, often seen as undesirable in social and educational contexts.

Animal Subjects

Animals used in research or experiments in order to observe biological, psychological, or social processes that could provide insights relevant to humans or other animals.

Behavioral Laws

Fundamental principles or rules that explain and predict how organisms behave, often based on consequences of actions in terms of rewards and punishments.