TYP: SA Exhibit 14A-3 Macro AD-AS Model

question 24

Multiple Choice

TYP: SA
Exhibit 14A-3 Macro AD-AS Model

-In Exhibit 14A-3,the level of real GDP represented by Yp:

• A) is potential real GDP for this economy.
• B) indicates that the economy is experiencing zero inflation.
• C) indicates that the economy is experiencing a recessionary gap.
• D) would be associated with considerable unemployment.

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Definitions:

Uranium Ore

A naturally occurring mineral from which uranium can be extracted, used as fuel for nuclear reactors and in the manufacturing of nuclear weapons.

Environmental Racism

The unfair distribution of environmental hazards and toxic facilities resulting from policies and practices that disproportionately affect individuals, groups, or communities based on race or color.

Port Radium

A historical mining site in Canada known for its uranium production, which played a role in the development of atomic energy and weapons.

Dene Men

Refers to male members of the Dene, a group of First Nations indigenous peoples living in the northern boreal and Arctic regions of Canada.