-In the Above Figure, If Aggregate Demand Does Not Change

question 88

Multiple Choice

-In the above figure, if aggregate demand does not change the short -run equilibrium will

• A) will not adjust on its own.
• B) eventually adjust to a long-run equilibrium with a higher price level.
• C) eventually adjust to a long-run equilibrium with a lower price level.
• D) None of the above answers are correct.

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Definitions:

Antioxidants

Antioxidants are compounds that inhibit oxidation, a chemical reaction that can produce free radicals and chain reactions that may damage the cells of organisms.

Population Variances

The squared deviations of a population's values from the mean, indicating how widely the population data is spread out.

Pooled Proportion Estimate

A method to estimate the combined proportion of two or more groups by pooling their successes and trials.

Proportion of Successes

It is the fraction of successes in a series of Bernoulli trials, representing the number of successes divided by the total number of trials.