The Level of Real GDP in the Long Run Is

question 283

Multiple Choice

The level of real GDP in the long run is called

• A)potential GDP.
• B)short-run GDP.
• C)frictional GDP.
• D)low-capacity GDP.

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Definitions:

Cochlea

The coiled structure in the inner ear that contains the basilar membrane.

Olfactory Receptor Neurons

Specialized nerve cells located in the nasal cavity that detect chemical substances in the air, leading to the sense of smell.

Olfactory Epithelium

A mucous membrane at the top of the nasal cavity; contains the olfactory receptor neurons that respond to airborne molecules called odorants.

Glomeruli

Sites in the brain’s olfactory bulb where signals from the smell receptors converge.