Resource Prices Will Fall and Short-Run Aggregate Supply Will Increase

question 46

Multiple Choice

Resource prices will fall and short-run aggregate supply will increase if

• A) current output exceeds the economy's full-employment level.
• B) current output is less than the economy's full-employment level.
• C) the actual rate of unemployment is less than the natural rate of unemployment.
• D) exports exceed imports.

---

Definitions:

Fourth Amendment

An amendment to the U.S. Constitution that protects citizens from unreasonable searches and seizures, requiring warrants to be judicially sanctioned and supported by probable cause.

First Amendment

An amendment to the U.S. Constitution that guarantees freedoms concerning religion, expression, assembly, and the right to petition.

Duality

The existence of two parts or aspects of something that are either complementary or in opposition to each other.

Uncertainty Principle

A fundamental concept in quantum mechanics proposed by Werner Heisenberg, stating that the position and momentum of a particle cannot both be precisely measured at the same time.