Most Economists Believe That in the Short Run

question 35

Multiple Choice

Most economists believe that in the short run

• A)real and nominal variables are determined independently and that money cannot move real GDP away from its long-run trend.
• B)real and nominal variables are determined independently but that money can temporarily move real GDP away from its long-run trend.
• C)real and nominal variables are highly intertwined but that money cannot move real GDP away from its long-run trend.
• D)real and nominal variables are highly intertwined and that money can temporarily move real GDP away from its long-run trend.

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Definitions:

Phenylisothiocyanate

An organic compound used in the Edman degradation method for sequencing amino acids in peptides.

Bradykinin

A peptide that causes blood vessels to dilate (enlarge), resulting in a drop in blood pressure and increased pain sensitivity.

Nonapeptide

A peptide consisting of nine amino acid residues.

Edman Degradation

A method of sequencing amino acids in a peptide by stepwise removal of one amino acid at a time from the amino end of the peptide.