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.

• A)a positive; no
• B)a negative; a positive
• C)a negative; no
• D)a positive; an even larger
• E)a positive; a smaller

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Definitions:

Spinal Nerve

A nerve that emerges from the spinal cord and is part of the peripheral nervous system, responsible for transmitting motor, sensory, and autonomic signals between the spinal cord and the body.

Central Canal

The longitudinally oriented space filled with cerebrospinal fluid that extends throughout the entire length of the spinal cord.

Conus Medullaris

The tapered, lower end of the spinal cord, which typically ends around the first lumbar vertebra.

Cervical Enlargement

A region of the spinal cord where nerve fibers that supply the arms and hands are found, noted for its increased diameter.