In the Short Run with Predetermined Prices, When Output Is

question 45

Multiple Choice

In the short run with predetermined prices, when output is greater than planned aggregate expenditure:

• A) potential output is greater than short-run equilibrium output.
• B) potential output is less than short-run equilibrium output.
• C) planned investment is less than actual investment.
• D) planned investment is greater than actual investment.

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Definitions:

Untouched Wilderness

Areas of natural land that remain in their pristine condition, undisturbed by human development or activity, often protected as national parks or wilderness areas.

European

Pertaining to Europe, its people, cultures, or nations.

Plantation Slavery

A system of agriculture in the Americas where large farms (plantations) used the forced labor of enslaved Africans and African Americans to produce crops like tobacco, sugar, and cotton.

Atlantic Coast

The eastern seaboard of the United States, stretching from Maine to Florida, characterized by diverse ecosystems and significant historical importance.