Short-Run Adjustments to Changes in the Economic Conditions Affecting the

question 31

Multiple Choice

Short-run adjustments to changes in the economic conditions affecting the
U.S. economy are

• A) usually reflected by changes in prices because output and employment decisions are difficult to alter.
• B) usually reflected by changes in output and employment because changes in prices appear to be too gradual to handle month-to-month fluctuation.
• C) usually reflected by changes in output decisions, because the prices of the major sectors of the U.S. economy are controlled by government policy.
• D) usually reflected by changes in pricing policy because of a need to keep abreast of foreign competition.
• E) seen either in price changes or in employment changes depending on the specific circumstance.

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Definitions:

Environment

The surrounding conditions and influences affecting the growth or development of living organisms.

Identical Twins

Twins who originate from the same fertilized egg, sharing exactly the same genetic material and often having very similar appearances.

Monozygotic Twins

Twins derived from a single fertilized egg, leading them to be genetically identical.

Senses

Biological systems used by organisms to detect and process sensory information from the environment, including sight, hearing, touch, taste, and smell.