In Short- Run Macroeconomic Equilibrium

question 93

Multiple Choice

In short- run macroeconomic equilibrium,

• A)real GDP is less than potential GDP.
• B)the price level is fixed and short- run aggregate supply determines real GDP.
• C)real GDP equals potential GDP and aggregate demand determines the price level.
• D)real GDP and the price level are determined by short- run aggregate supply and aggregate demand.

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Definitions:

Translational Controls

Regulatory mechanisms controlling the rate and timing of protein synthesis from the mRNA template, affecting gene expression.

mRNA Molecule

A type of RNA that carries genetic information from DNA to the ribosome, where proteins are synthesized.

Protein Product

The final form of a protein after it has been synthesized and processed within a cell.

Inducible Operon

A segment of DNA in which the expression of genes is increased in response to specific environmental stimuli.