Which of the Following Is True in the Short Run

question 138

Multiple Choice

Which of the following is true in the short run but not in the long run?

• A)Actual output is equal to potential output.
• B)Actual output can exceed potential output.
• C)Structural unemployment can exist.
• D)Frictional unemployment can exist.
• E)Real and nominal GDP can differ.

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Definitions:

Appeal of the Independent Democrats

A historic document or statement made by Independent Democrats, often in the context of expressing dissent or advocating for particular democratic values or policies.

Kansas-Nebraska Act

An 1854 law that created the territories of Kansas and Nebraska, leaving the decision on slavery up to the residents, leading to violent conflict.

Black Refugees

Individuals of African descent who have fled their home countries to escape conflict, persecution, or disasters, seeking safety and protection.

Canada

A country in North America known for its vast landscapes, multicultural diversity, and as the second-largest country in the world by total area.