Starting from Long-Run Equilibrium, Without Policy Intervention, the Long-Run Impact

question 84

Multiple Choice

Starting from long-run equilibrium, without policy intervention, the long-run impact of a temporary adverse supply shock is that prices will:

• A)be permanently higher, and output will be restored to the natural rate.
• B)return to the old level, and output will be restored to the natural rate.
• C)be permanently higher, and output will be permanently lower.
• D)return to the old level, but output will be permanently lower.

---

Definitions:

Violence

The use of physical force so as to injure, abuse, damage, or destroy.

PET Scan

A medical imaging technique that measures metabolic activity of the cells of body tissues.

Predatory Murderers

Individuals who commit murder with premeditation and select their victims based on specific criteria.

"Heat of Passion" Murderers

Individuals who commit murder under circumstances that could cause a reasonable person to become emotionally or mentally disturbed.