In Terms of Aggregate Supply, the Short Run Is a Period

question 67

Multiple Choice

In terms of aggregate supply, the short run is a period in which:

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

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Definitions:

Yield to Maturity

The expected total yield on a bond when held until it reaches its date of maturity.

Semiannual Coupon

Interest payments made to bondholders twice a year.

Yield

The income return on an investment, such as the interest or dividends received, typically expressed as an annual percentage of the investment cost.

Maturity Bond

A bond at the end of its term, at which point the principal amount is due to be paid back to the bondholder.