If the Short-Run Aggregate Supply Curve Is Horizontal,then a Change

question 81

Multiple Choice

If the short-run aggregate supply curve is horizontal,then a change in the money supply will change ______ in the short run and change ______ in the long run.

• A) only prices; only output
• B) only output; only prices
• C) both prices and output; only prices
• D) both prices and output; both prices and output

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Definitions:

Prejudice

Preconceived opinion or bias against an individual or group without adequate knowledge, reason, or experience, often based on stereotypes.

Stereotype

A widely held but fixed and oversimplified image or idea of a particular type of person or thing.

Physical Appearance

The outward characteristics or look of a person or object, including features such as shape, color, and form.

Social Schemas

Mental structures that organize our knowledge and assumptions about the social world and influence how we process social information.