Refer to the fiGures

question 242

Multiple Choice

Refer to the figures. In terms of representing the economy,

• A) neither Figure A nor Figure B consistently represents either the very short run or the longer run.
• B) demand shocks affect levels of output and employment in Figure A; demand shocks have no effect in Figure B.
• C) Figure A represents the very short run, where output is fixed, and Figure B represents the longer run.
• D) Figure B represents the very short run, where prices are sticky, and Figure A represents the longer run.

---

Definitions:

Constitutionality

Constitutionality refers to whether a law or action is in accordance with the constitution of a country or jurisdiction.

Federal Law

Legislation enacted by the national government of a country.

Citizens United

A U.S. constitutional law case that held that the First Amendment prohibits the government from restricting independent expenditures for political communications by corporations, including nonprofit corporations, labor unions, and other associations.

Political Spending

Financial expenditures made by individuals, organizations, or companies to influence political processes and election outcomes.