Suppose the Economy Is in Long-Run Equilibrium

question 386

Multiple Choice

Suppose the economy is in long-run equilibrium. Concerns about pollution cause the government to significantly restrict the production of electricity. At the same time, the value of the dollar falls. In the short-run

• A)real GDP will rise and the price level might rise, fall, or stay the same.
• B)real GDP will fall and the price level might rise, fall, or stay the same.
• C)the price level will rise, and real GDP might rise, fall, or stay the same.
• D)the price level will fall, and real GDP might rise, fall, or stay the same.

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Definitions:

Organization's Systems

Organization's systems are the set of procedures, processes, and routines that dictate how tasks and operations are carried out within a company.

Intellectual Capital

The intangible resources of an organization, including human knowledge, relationships, and organizational processes that contribute to its competitive advantage.

Employee Turn Around

The process of an organization improving the performance, morale, or retention of its workforce, often through strategic human resources interventions.

Buildings And Equipment

Physical assets and infrastructure of an organization, including its facilities and the machinery used for production or services.