In the Short Run ________

question 37

Multiple Choice

In the short run ________.

• A)the more flexible wages and prices are,the more inflation responds to the output gap
• B)the more sticky wages and prices are,the more difficult to tell the difference between the short run and long run aggregate supply curves
• C)if wages and prices are sticky,aggregate output is always at its potential level
• D)all of the above
• E)none of the above

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Definitions:

Sense of Self

An individual's perception of their unique identity and personality, developed over time.

Older Parents

Individuals who become parents at an age that is considered older than is typical for childbearing, often involving unique challenges and perspectives.

Raised

Brought up or nurtured growth in a specific environment or manner.

Parenting Grandchildren

The act of taking on the primary caregiving role for one's grandchildren, often due to the absence or incapacity of the parents.