Exhibit 14A-2 Macro AD-AS Model

question 44

Multiple Choice

Exhibit 14A-2 Macro AD-AS Model

-In Exhibit 14A-2,the intersection of AD with SRAS indicates:

• A) a short-run equilibrium.
• B) a long-run equilibrium.
• C) that the economy needs policies to reduce unemployment.
• D) that the economy is at full employment.

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Definitions:

Limiting Factors

Environmental conditions that limit the growth, abundance, or distribution of an organism or a population within an ecosystem.

Life History Traits

Characteristic patterns and schedules of an organism’s growth, reproduction, and survival.

Guppies

Small freshwater fish species, often used in aquariums, known for their vibrant colors and prolific breeding.

Predation

The preying of one animal on others, a biological interaction where a predator feeds on its prey.