In the Short Run,but Not in the Long Run

question 185

Multiple Choice

In the short run,but not in the long run,

• A)actual output can equal potential output
• B)cyclical unemployment can exist
• C)structural unemployment can exist
• D)frictional unemployment can exist
• E)real and nominal GDP can differ

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Definitions:

Abbreviation

A condensed version of a word or expression.

Skeletal Muscle

a muscle that is connected at either or both extremities with a bone and so move parts of the skeleton; characterized by striated fibers.

Central Nervous System (CNS)

The part of the nervous system that consists of the brain and spinal cord, responsible for processing and sending out neural signals.

Physical Medicine

A branch of medicine that aims to enhance and restore functional ability and quality of life to those with physical impairments or disabilities.