A Vertical Curve That Defines the Level of Full-Employment or Potential

question 39

Multiple Choice

A vertical curve that defines the level of full-employment or potential output based on a given amount of resources,efficiency,and technology in the economy is called:

• A)the short-run aggregate supply curve.
• B)the long-run aggregate supply curve.
• C)the aggregate demand curve.
• D)none of the above.

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Definitions:

Binocular Cue

Visual information taken in by two eyes that enable us to gain a sense of depth and three-dimensional perception.

Convergence

The act of moving toward union or uniformity, especially in a scientific, social, or psychological context.

Nearby Object

An item or thing that is physically close to a point of reference or location.

Gestalt Principle

A theory in psychology that proposes the human brain sees objects as whole forms rather than as a collection of parts.