Consider an Economy Which Is in Both Long-Run and Short-Run

question 51

Multiple Choice

Consider an economy which is in both long-run and short-run equilibrium. Which of the following will occur in the short-run if consumer confidence in this economy fell significantly?

• A) The aggregate demand curve will shift to the left.
• B) Firms will increase production as real wages will have fallen.
• C) The short-run aggregate supply curve will move to the right.
• D) The level of inflation in the economy will increase.

Identify the conditions under which vibrational modes are IR active.

Analyze IR absorption characteristics of chemical bonds and functional groups.

Understand the influence of molecular structure on IR spectra.

Distinguish compounds based on their IR absorption characteristics.

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Definitions:

Political Incentive

A reason or motivation based on political goals or outcomes, influencing the actions of politicians or governments.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to help recover from the Great Depression.

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.