In Terms of Aggregate Supply, in the Immediate Short Run

question 54

Multiple Choice

In terms of aggregate supply, in the immediate short run:

• A)the price level is variable.
• B)real output is fixed.
• C)nominal wages are variable.
• D)both input prices and output prices are fixed.

---

Definitions:

Heritability

The proportion of observed variation in a particular trait that can be attributed to inherited genetic factors in a population.

Adoption Studies

Research methods that assess genetic and environmental influences on behavior by comparing adopted children to their biological and adoptive parents.

Giftedness

Exceptional natural ability or talent in one or more domains, including intellectual, creative, artistic, or leadership capacities.

IQ Test Results

The outcomes or scores obtained from assessments designed to measure intelligence or cognitive abilities.