-Based on the Data in the Table Above, at the |

question 67

Multiple Choice

$$\begin{array} { | l | l | l | l | } \hline \text { Price level } & \begin{array} { l } \text { A ggregate demand } \\\text { (trillions of 2005 } \\\text { dollars) }\end{array} & \begin{array} { l } \text { Short-run aggregate } \\\text { supply (trillions of } \\\text { 2005 dollars) }\end{array} & \begin{array} { l } \text { Long-run aggregate } \\\text { supply (trilli ons of } \\2005 \text { dollars) }\end{array} \\\hline 100 & 11 & 7 & 10 \\\hline 110 & 10 & 8 & 10 \\\hline 120 & 9 & 9 & 10 \\\hline 130 & 8 & 10 & 10 \\\hline 140 & 7 & 11 & 10 \\\hline\end{array}$$
-Based on the data in the table above, at the short-run equilibrium

• A) the unemployment rate is less than the natural unemployment rate.
• B) money wage rates will rise in long-run.
• C) the economy is at full employment.
• D) the unemployment rate is greater than the natural unemployment rate.

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Definitions:

Hispanic Americans

A term used to describe people in the United States who are descendants of individuals from Spanish-speaking countries, particularly from Latin America and Spain.

Anti-nuclear Movement

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Political Pressure

The use of influence, persuasion, or coercion by individuals or groups to effect political change or policy outcomes.

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The plans and actions taken by a government to achieve particular objectives, which can encompass a wide range of issues including economic, social, and foreign policy.