Which of the Following Would Affect Both Short-Run and Long-Run

question 50

Multiple Choice

Which of the following would affect both short-run and long-run aggregate supply?

• A) a supply shock
• B) menu costs
• C) money illusion
• D) technological change
• E) a change in the general price level

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Virtuous Life

Living in a way that is morally excellent, adhering to ethical principles and displaying admirable character qualities.

Material Success

Achievements or prosperity largely measured by the accumulation of wealth, possessions, and physical assets.

Great Leader

A person who possesses exceptional leadership qualities, inspiring vision, and the ability to motivate and guide people toward successful achievements.

Theory Relativistic

A perspective suggesting that the validity of certain theoretical propositions is relative to the framework within which they are analyzed.