(Figure: Determining SRAS Shifts) Which Statement Is NOT Correct

question 247

Multiple Choice

(Figure: Determining SRAS Shifts) Which statement is NOT correct?

• A) Equilibrium output is $3,000 worth of goods and services.
• B) An increase in aggregate demand would lead to deflation.
• C) Full employment occurs when the economy produces $3,000 worth of goods and services.
• D) In short-run equilibrium, output can be greater than or less than $3,000.

---

Definitions:

Finches

A group of bird species known for their significant role in Charles Darwin's study of natural selection and evolution, notably in the Galapagos Islands.

Feign Injury

To pretend or simulate having an injury, often to avoid duty or work or gain sympathy.

Hatchlings

Young animals that have recently emerged from their eggs.

Inherited Ability

Inherited ability refers to traits and skills that are passed down genetically from parents to offspring, influencing aspects like intelligence, physical abilities, and predispositions to certain talents or conditions.