Which of the Following Is True in the Short Run

question 138

Multiple Choice

Which of the following is true in the short run but not in the long run?

• A)Actual output is equal to potential output.
• B)Actual output can exceed potential output.
• C)Structural unemployment can exist.
• D)Frictional unemployment can exist.
• E)Real and nominal GDP can differ.

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Definitions:

Authentic Leadership

A leadership style in which the leader is genuine and transparent with followers, encouraging openness and integrity.

Positive Psychological Attributes

Positive traits or qualities of the mind that contribute to an individual's overall well-being and happiness.

Gregariousness

The quality of being sociable, outgoing, and enjoying the company of others, often considered a personality trait.

Critical Life Events

Significant experiences or milestones that have a profound impact on an individual's life, contributing to personal growth, change in perspective, or altering life paths.