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Consider the Basic AD/AS Macro Model in Long- Run Equilibrium

question 39

Multiple Choice

Consider the basic AD/AS macro model in long- run equilibrium. An expansionary AD shock would have _ output effect in the short run and _ output effect in the long run.


Definitions:

Behavior Genetics

Behavior genetics is a field of study that examines the role of genetic and environmental influences on behaviors.

Individual Differences

Variations among individuals in their psychological traits, behavioral responses, or physical characteristics.

Evolutionary Perspective

A theoretical approach in psychology that explains human thoughts, feelings, and behaviors through the lens of natural selection and adaptation.

Ancestors' Genes

The genetic information passed down from forebears to descendants, influencing their traits and characteristics.

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