In the Short-Run

question 278

Multiple Choice

In the short-run

• A) the aggregate supply curve is upward sloping.
• B) real GDP is always equal to potential GDP.
• C) the money wage rate can change.
• D) the price level does not change.

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Definitions:

Prefrontal Cortex

The frontmost region of the frontal lobes in the brain, involved in complex cognitive behavior, personality expression, decision making, and moderating social behaviour.

Temporal Lobes

Regions of the brain located beneath the temples, involved in processing auditory information and encoding memory.

Working Memories

A cognitive system that holds information temporarily available for processing tasks such as reasoning and comprehension.

Basal Ganglia

A group of structures linked to the thalamus in the base of the brain and involved in coordination of movement and behavior control.