The Economy Moves from a Short- Run Equilibrium to the Long-

question 91

Multiple Choice

The economy moves from a short- run equilibrium to the long- run equilibrium through:

• A) improvements in technology.
• B) demand shocks.
• C) adjustments in wages and prices.
• D) supply shocks.

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Definitions:

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A type of retrieval that requires you to produce an item from memory in response to a cue or question.

Junior Prom

A formal dance held for high school juniors, significant in American culture as a rite of passage for teenagers.

Memory Function

A cognitive process that involves the encoding, storing, and retrieving of information over time.

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A mental mechanism with restricted capability, tasked with temporarily maintaining data for processing purposes.