If the Short-Run Aggregate Supply Increases by Less Than the Long-Run

question 108

Multiple Choice

If the short-run aggregate supply increases by less than the long-run aggregate supply,then,at the short-run equilibrium

• A)GDP will be below potential GDP.
• B)aggregate demand will increase.
• C)GDP will be above potential GDP.
• D)GDP will be equal to potential GDP.

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Definitions:

Selection Against

A process in natural selection where certain traits decrease an organism's chances of survival and reproduction in a specific environment.

Light-Colored Butterflies

Butterflies with lighter pigmentation, which may have advantages in certain environments, such as reflecting solar radiation.

Allopatric Speciation

The process of speciation that occurs when biological populations of the same species become isolated from each other to an extent that prevents or interferes with genetic interchange.

Genetic Diversity

The total number of genetic characteristics in the genetic makeup of a species, contributing to differences within the species.