In the Long Run

question 182

Multiple Choice

In the long run

• A) both supply and demand shocks have permanent effects on real GDP.
• B) real GDP can remain below potential.
• C) real GDP can remain above potential.
• D) both supply and demand shocks have no effect on real GDP.
• E) supply shocks have permanent effects on real GDP but demand shocks have no effect.

---

Definitions:

Nucleotides

Nucleotides are the basic building blocks of nucleic acids, such as DNA and RNA, consisting of a nitrogenous base, a sugar molecule, and one or more phosphate groups.

Enantiomers

Molecules that are mirror images of each other but cannot be superimposed, having different physical and chemical properties.

Geometric Isomers

Molecules with the same formula and sequence of bonded atoms, but differing in the three-dimensional orientations of their atoms in space.

Structural Isomers

Molecules with the same molecular formula but different arrangements of atoms, resulting in different properties.