In a Short- Run Macroeconomic Equilibrium, Real GDP Exceeds Potential

question 128

Multiple Choice

In a short- run macroeconomic equilibrium, real GDP exceeds potential GDP. If aggregate demand does not change, then the

• A)short- run aggregate supply curve will shift rightward as the money wage rate falls.
• B)long- run aggregate supply curve will shift leftward as the money wage rate falls.
• C)short- run aggregate supply curve will shift leftward as the money wage rate rises.
• D)long- run aggregate supply curve will shift leftward as the money wage rate rises.

---

Definitions:

Childhood Aggression

Behavioral expressions of anger, hostility, or violence by children towards others, often manifesting physically or verbally.

Naturalistic Observation

A research method in which subjects are observed in their natural environment without any manipulation by the researcher.

Common Genes

Genetic sequences that are shared widely within a population or species, contributing to hereditary traits and characteristics that define common biological features.

Intelligence

The ability to acquire and apply knowledge and skills, encompassing problem solving, logical reasoning, understanding complex ideas, and learning from experience.