In Terms of Aggregate Supply, the Difference Between the Long

question 40

Multiple Choice

In terms of aggregate supply, the difference between the long run and the short run is that in the long run,

• A) the price level is variable.
• B) employment is variable.
• C) real output is variable.
• D) nominal wages and other input prices are fully responsive to price-level changes.

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Definitions:

-scopy

A suffix used in medical terminology to denote a visual examination or to look into a body part, often with a scope.

Cyst/o

A combining form used in medical terminology to denote a relation to a bladder or a fluid-filled sac.

Androids

Human-like robots or synthetic organisms designed to imitate human appearance and behavior.

Andr

Suggestive of male-related hormones or characteristics, as in terms related to androgens.