The Study of Short- Run Cyclical Fluctuations Usually Assumes, for Simplicity

question 21

Multiple Choice

The study of short- run cyclical fluctuations usually assumes, for simplicity, that there are no changes in

• A)potential GDP.
• B)either the AS curve or potential GDP.
• C)either the AD or AS curves.
• D)the intersection of the AD and AS curves.
• E)the AS curve.

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Definitions:

Transitional Expression

Transitional expressions are words or phrases used to connect ideas together within and between sentences, enhancing the flow of writing.

Black Bass

A common term referring to several species of North American freshwater fish in the sunfish family.

Striped Bass

A popular game fish known for its distinctive dark stripes running along its body, commonly found in both freshwater and saltwater environments.

Contrast Paragraph

A section in writing that highlights differences between two or more subjects, ideas, or objects.