If Actual Output Exceeds Potential Output, ________ Shifts Upward Over

question 21

Multiple Choice

If actual output exceeds potential output, ________ shifts upward over time.

• A) the short-run AS curve
• B) the short-run AD curve
• C) the long-run AS curve
• D) the long-run AD curve

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Definitions:

Interest Groups

are organized groups of individuals or organizations that seek to influence public policy and decision-making to favor their shared interests or goals, often through lobbying, advocacy, or campaigns.

Gender Gap

The discrepancy in opportunities, status, attitudes, and pay between men and women.

Power Elite

A small group of powerful individuals, often from business, government, and the military, who hold significant power and influence over a society.

Autonomous State

A self-governing and independent political entity.