In the Long Run,changes in Equilibrium GDP Are Most Likely

question 177

Multiple Choice

In the long run,changes in equilibrium GDP are most likely to be caused by

• A) changes in full-employment output
• B) open market operations by the Fed
• C) changes in nominal wages
• D) contractionary or expansionary fiscal policy
• E) none of these;long-run equilibrium GDP is a constant

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Definitions:

Pre-synaptic Neuron

The neuron that sends a signal across the synaptic gap to a receiving neuron during neurotransmission.

Opiate Drug

A category of drugs derived from the opium poppy, such as morphine and heroin, that are used for their pain-relieving and narcotic properties.

Morphine

A powerful opiate analgesic drug derived from the poppy plant, used to relieve severe pain by acting directly on the central nervous system.

Opiates

A group of drugs derived from opium, used for their pain-relieving properties, but they can also be addictive.