Which of the Following Occurs as Macroeconomic Output Expands in the Short

question 124

Multiple Choice

Which of the following occurs as macroeconomic output expands in the short run?  

• A) The nominal cost of labour decreases. 
• B) The demand for nonlabour resources decreases. 
• C) Equipment wears out faster. 
• D) The nominal cost per unit of output falls.

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Definitions:

Electroconvulsive Therapy (ECT)

A procedure used in cases of prolonged and severe major depression, in which a brief brain seizure is induced.

SSRI

Selective Serotonin Reuptake Inhibitors, a class of drugs typically used as antidepressants in the treatment of major depressive disorder and anxiety disorders.

MAO

An enzyme that plays a role in the breakdown of neurotransmitters in the brain, influencing mood and behavior.

Psychodynamic Therapy

A therapeutic approach that emphasizes unconscious psychological processes and their influence on human behavior.