If People Underestimate the Effects of Expansionary Policy, an Increase

question 48

Multiple Choice

If people underestimate the effects of expansionary policy, an increase in the growth rate of aggregate demand will tend to increase real GDP:

• A)​in both the short run and the long run.
• B)​in the short run but not the long run.
• C)​in the long run but not the short run.
• D)​in neither the short run nor the long run.

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Illnesses caused by viruses, microscopic infectious agents that can infect all types of life forms, from animals and plants to microorganisms.

Risk Management

The identification, assessment, and prioritization of risks followed by the application of resources to minimize, control, and monitor the impact of unpredictable events.

Risk Reduction Strategy

A plan or approach aimed at minimizing the likelihood and impact of negative events or losses.