If You Asked a Classical Economist Which Economic Time Frame

question 141

Multiple Choice

If you asked a classical economist which economic time frame she prioritized,how might she respond?

• A) "Prices tend to be sticky when supply or demand changes."
• B) "Savings is a drain on aggregate demand."
• C) "The economy tends toward instability and cyclical unemployment."
• D) "The long run is key."
• E) "The short run is key."

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Definitions:

Aquatic Plants

Plants that are adapted to living in aquatic environments, including rivers, lakes, and swamps.

Epidermis

The outermost layer of cells in the skin, serving as the body's protective cover against the environment.

Mesophyll

The inner tissue (parenchyma) of a leaf, containing many chloroplasts where photosynthesis occurs.

Chloroplasts

Organelles found in plant and algal cells that conduct photosynthesis, converting light energy into chemical energy.