The Diagram Below Shows an AD/AS Model for a Hypothetical

question 84

Multiple Choice

The diagram below shows an AD/AS model for a hypothetical economy.The economy begins in long-run equilibrium at point A.
FIGURE 24-3
-Refer to Figure 24-3.A negative shock to the economy shifts the AD curve from AD1 to AD2.At the new short-run equilibrium,the price level is ________ and real GDP is ________.

• A)90; 900
• B)110; 800
• C)60; 1000
• D)60; 700
• E)90; 1250

Recognize the role of the spinal cord and brain structures in sensation and motor control.

Comprehend the process and importance of neurogenesis for learning and memory.

Understand the consequences of brain damage on language and communication.

Know the mechanisms of action potentials and neurotransmitter function.

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Definitions:

Machines

Mechanical or electrical devices that perform or assist in performing tasks or calculations.

Average Cost

The total cost of production divided by the number of units produced, indicating the cost per unit of output.

Copper

A red-brown metal, highly conductive of electricity and heat, used extensively in electrical wiring and in making alloys such as bronze and brass.

Zinc

A metallic element used primarily for galvanizing iron and steel to prevent rust and in alloys such as brass, along with various other applications.