In the Short Run,equilibrium Output in the Goods and Services

question 135

Multiple Choice

In the short run,equilibrium output in the goods and services market may be either above or below the full-employment level,but in the long run,it

• A)must be less than full-employment output.
• B)must be greater than full-employment output.
• C)will move to full-employment output.
• D)depends on aggregate demand,not just long-run aggregate supply.

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Definitions:

Noise Pollution

Unwanted or harmful outdoor sound created by human activities, such as traffic, industrial operations, and urban development, which can have negative effects on human health and the environment.

Whale Songs

The complex and often long sequences of sounds produced by whales, used for communication and mating purposes among other functions.

Whale Pods

Social groups of whales that live, travel, and often hunt together, exhibiting complex behaviors and communication.

Birdsong

The vocal expression of birds, often complex sequences of sounds, used for communication among species.