If Potential Output Is Unknown

question 196

Multiple Choice

If potential output is unknown:

• A)we can still determine how the short-run aggregate supply curve will shift.
• B)factor prices are more likely to change.
• C)factor prices are less likely to change.
• D)we cannot determine precisely how the short-run aggregate supply curve will shift.

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Definitions:

Fraternal Twins

Twins that develop from two different eggs fertilized by two different sperm, resulting in siblings that are genetically similar but not identical.

Phenotype

The observable characteristics or traits of an organism, resulting from the interaction of its genetic makeup with the environment.

Genotype

The genetic makeup of an individual, including all inherited genes, which can influence characteristics and disease risk.

Genetic Structure

The arrangement or organization of genes within a population, revealing variations that affect the population's evolution and adaptation.