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

question 89

Multiple Choice

Consider the basic AD/AS macro model in long- run equilibrium. An expansionary AD shock has price- level effect in the short run and price- level effect in the long run.


Definitions:

Facial Muscles

A group of striated skeletal muscles innervated by the facial nerve that control facial expressions and movements.

Coding System

A method or set of rules used to convert information into another form or representation, often for the purpose of confidentiality, data compression, or error correction.

Parasympathetic Nervous System

The subdivision of the autonomic nervous system that operates during relaxed states and that conserves energy.

Physiological Change

Alterations in the normal functions of the body, which can be due to various factors including stress, environmental changes, or health conditions.

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