Assume the Economy Is Hit by a Shock That Decreases

question 164

Multiple Choice

Assume the economy is hit by a shock that decreases aggregate demand.When the economy has finally adjusted to full employment,

• A) only the level of real GDP will be affected.
• B) there will be no changes to either the price level or real GDP.
• C) only the price level will be affected.
• D) both real GDP and the price level will be affected.
• E) aggregate supply will not have changed.

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Definitions:

Gram-negative

Refers to bacteria that do not retain the crystal violet stain used in the Gram staining method of bacterial differentiation.

Anaphylactic Reaction

A severe, potentially life-threatening allergic reaction that can occur rapidly after exposure to an allergen.

Provider

(1) The person that oversees the patient’s health care; often a physician, physician’s assistant, or nurse practitioner. (2) An individual licensed to examine, diagnose, and prescribe treatment to patients seeking assistance.

Wheal

A raised, itchy area of skin that usually signifies an allergic reaction.