Fiscal and Monetary Policies Typically Affect the Short- Run Level

question 49

Multiple Choice

Fiscal and monetary policies typically affect the short- run level of GDP because they cause shifts in the but they will not generally have any long- run effects on real GDP unless they affect .

• A)AD curve; the level of potential output
• B)AS curve; factor- utilization rates
• C)AS curve; factor supplies or factor productivity
• D)AD curve; factor- utilization rates
• E)AD curve; the unemployment rate

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Definitions:

Life Force

An energy or vital principle believed to be inherent in all living organisms, giving them vitality and the capacity for growth.

Nonmonotheistic Religions

Religions that do not adhere to the belief in a single, omnipotent God, often encompassing polytheistic or animistic traditions.

Western Philosophers

Scholars from the Western world who engage in critical thinking and analysis regarding fundamental questions about life, existence, knowledge, values, reason, mind, and language.

Atman

The transpersonal, supreme self, which is the same in everyone. Also see jiva.