Use the Following to Answer Questions

question 138

Multiple Choice

Use the following to answer questions:
-(Figure: AD-AS) Refer to Figure: AD-AS. Suppose that the economy starts at E₁ and moves to E₂, where AD₂ intersects SRAS_1. SRAS₁ will shift to SRAS₂ because:

• A) real wages rise in the long run.
• B) nominal wages rise in the long run.
• C) the real money supply rises in the long run.
• D) aggregate real output rises in the long run.

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Definitions:

Social Legacies

The long-lasting impacts on society that stem from historical events, cultural shifts, or influential individuals, shaping future generations.

Political Legacies

refer to the lasting impacts or influences of political figures, policies, or events on future generations or political landscapes.

Jeanne Deroin

A pioneering French socialist feminist involved in the revolutionary movements of the 19th century.

Louis Philippe

Louis Philippe was the King of the French from 1830 to 1848, known for his liberal policies and ruling during the period known as the July Monarchy.