In the AD-AS Framework,long-Run Equilibrium Implies That ________

question 64

Multiple Choice

In the AD-AS framework,long-run equilibrium implies that ________.

• A)quantity demanded equals quantity supplied at a moderate level of equilibrium inflation
• B)quantity demanded equals quantity supplied at a point consistent with the short-run equilibrium level of inflation
• C)quantity demanded equals quantity supplied at a point consistent with the natural rate of unemployment
• D)all of the above
• E)none of the above

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Definitions:

Bat Wings

A term describing the wing structure of bats, which consists of a membrane stretched between elongated fingers.

Fly Legs

Fly legs are the limbs of flies, typically utilized for landing, walking, tasting, and manipulating objects, showcasing a variety of specialized adaptations.

Gene Duplication

A process in which a segment of genetic material or a whole gene is copied or duplicated, leading to multiple copies of that segment or gene in the genome.

Paralogs

Genes that arise by duplication within the same organism, often developing new functions while retaining some characteristics of the original gene.