In Terms of Aggregate Supply, the Difference Between the Long

question 40

Multiple Choice

In terms of aggregate supply, the difference between the long run and the short run is that in the long run,

• A) the price level is variable.
• B) employment is variable.
• C) real output is variable.
• D) nominal wages and other input prices are fully responsive to price-level changes.

---

Definitions:

Axons

Long, slender projections of nerve cells that transmit electrical impulses away from the neuron's cell body.

Conduction

Transfer of energy, such as heat, from one point to another without evident movement in the conducting body.

Glial Cells

Non-neuronal cells in the central and peripheral nervous system that support and protect neurons.

Blood-Brain Barrier

The blood-brain barrier is a semi-permeable barrier of endothelial cells that prevents most substances in the blood from non-selectively crossing into the brain, protecting it from pathogens and toxins.