Which of the Following Statements Is True

question 149

Multiple Choice

Which of the following statements is true?

• A) The long-run aggregate supply (LRAS)curve shows the Real GDP the economy is prepared to supply at different price levels,assuming wage rates and all other resource prices have fully adjusted to eliminate a recessionary or inflationary gap.
• B) Laissez-faire is a government policy of raising aggregate demand in order to eliminate a recessionary gap.
• C) An economy can operate beyond its physical PPF,but not beyond its institutional PPF.
• D) If the economy is self-regulating,it is always in long-run equilibrium.
• E) a and c

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Definitions:

Operating System

Software that, after being initially loaded into the computer by a boot program, manages all the other programs in a computer.

Network Services

Various services provided over a network, such as data storage, communication, resource sharing, and data management.

Logging On

The process of gaining access to a computer system or service by entering credentials, typically a username and password.

NOS

Stands for Network Operating System, which is software that manages network resources and enables computers within the network to communicate and share data.