Which of These Does Not Hold True If an Economy

question 62

Multiple Choice

Which of these does not hold true if an economy is simultaneously in long-run and short-run equilibrium?

• A)The actual price level equals the expected price level.
• B)Aggregate quantity supplied equals potential output.
• C)Aggregate quantity demanded equals potential output.
• D)Aggregate quantity supplied equals aggregate quantity demanded.
• E)Aggregate demand curve is horizontal at the potential output level.

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Definitions:

Electoral Politics

The branch of politics that deals with elections and voting as a means for the electorate to select candidates to hold public office.

Racial Inequality

The unequal treatment or perceptions of individuals based on their race, leading to disparities in wealth, healthcare, education, and employment among other sectors.

Grandfather Clauses

Provisions that allowed individuals to bypass literacy tests, poll taxes, or other barriers to voting if their grandfathers had been eligible to vote, effectively disenfranchising many African Americans.

Enfranchised

Granted the right to vote or provided with a privilege, service, or access that was previously restricted.