A Change in the Full-Employment Quantity of Labor ________ the Short-Run

question 362

Multiple Choice

A change in the full-employment quantity of labor ________ the short-run aggregate supply curve and ________ the long-run aggregate supply curve.

• A) shifts; shifts
• B) shifts; does not shift
• C) does not shift; shifts
• D) does not shift; does not shift

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Definitions:

Aldehydes

Organic compounds characterized by the functional group -CHO, consisting of a carbonyl center connected to an R group and a hydrogen atom.

Amides

Organic compounds containing a carbonyl group (\(C=O\)) linked to a nitrogen atom (\(N\)), important in forming the structure of proteins.

Hydrolyze

The chemical process of breaking a chemical bond in a molecule using water.

Esters

Organic compounds resulting from the reaction of an acid (often carboxylic) with an alcohol, characterized by sweet smells and used in flavorings and solvents.