In the Short Run, Total Spending Affects ________, and in the Long

question 105

Multiple Choice

In the short run, total spending affects ________, and in the long run total spending affects ________.

• A)prices; output
• B)prices; unemployment
• C)output; prices
• D)output; unemployment

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Definitions:

Passively

In a manner that involves acceptance or submission without active response or resistance.

Stupor

A state of near-unconsciousness or insensibility, often resulting from illness, intoxication, or shock, characterized by a significant decrease in reaction to external stimuli.

Acute Schizophrenia

A condition marked by sudden and severe episodes of psychosis, characterized by distorted thinking, perceptions, emotions, and behavior.

Rapidly

Occurring in a short time or at great speed.