Suppose the Economy Is at a Short-Run Equilibrium GDP That

question 110

Multiple Choice

Suppose the economy is at a short-run equilibrium GDP that lies below potential GDP.Which of the following will occur because of the automatic mechanism adjusting the economy back to potential GDP?

• A)Output will decrease.
• B)Prices will increase.
• C)Unemployment will rise.
• D)Short-run aggregate supply will shift to the right.

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Definitions:

Fowler's Position

A semi-sitting position used in medical settings where the patient is typically on their back at a 45-60 degree incline to facilitate breathing or for other therapeutic reasons.

Heart Rate

The number of times the heart beats per minute, a key indicator of heart health and physical condition.

ECG Tracing

The actual graphical output or representation of the heart's electrical activity as recorded during an ECG test.

ST Segments

Portions of the electrocardiogram that reflect a period between the heart's contraction and the beginning of its recharge for the next beat.