Fiscal Policies Typically Affect the Short-Run Level of GDP Because

question 27

Multiple Choice

Fiscal policies typically affect the short-run level of GDP because they cause shifts in the ________,but they will not generally have any long-run effects on real GDP unless they affect ________.

• A)AS curve; factor-utilization rates
• B)AS curve; factor supplies or factor productivity
• C)AD curve; factor-utilization rates
• D)AD curve; the unemployment rate
• E)AD curve; the level of potential output

---

Definitions:

Human Strengths

The inherent positive qualities and capabilities of individuals, including emotional, psychological, and social aspects.

Social Ecology

A framework suggesting that social, institutional, and environmental issues are interconnected, emphasizing the need for holistic solutions to ecological and social problems.

Positive Psychology

A branch of psychology that focuses on the study of positive human functioning and flourishing on multiple levels that include the biological, personal, relational, institutional, cultural, and global dimensions of life.

Character Strengths

Positive traits reflected in thoughts, feelings, and behaviors that are considered virtues and contribute to an individual's fulfillment.