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The Only Requirement for Short-Run Equilibrium Is That the Economy

question 147

True/False

The only requirement for short-run equilibrium is that the economy must be on the aggregate supply curve.

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Definitions:

Photosynthesis

A process used by plants and other organisms to convert light energy, usually from the sun, into chemical energy that can be later released to fuel the organism's activities.

Protist Cells

Eukaryotic organisms that are neither plants, animals, nor fungi, often unicellular, such as amoebas, algae, and protozoa.

Chloroplasts

Organelles found in plant cells and eukaryotic algae that conduct photosynthesis, capturing energy from sunlight and converting it and carbon dioxide into oxygen and energy-rich organic compounds.

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