-Refer to Exhibit 15-5

question 185

Multiple Choice

-Refer to Exhibit 15-5.At short-run equilibrium,this economy is in a(n) ___________________ gap.An economist who believes that the economy is self-regulating would assert that _____________________________.

• A) inflationary; the SRAS curve will shift leftward sufficiently to close the inflationary gap
• B) recessionary; the SRAS curve will shift rightward sufficiently to close the recessionary gap
• C) inflationary; the AD curve will shift leftward sufficiently to close the inflationary gap
• D) recessionary; the AD curve will shift rightward sufficiently to close the recessionary gap

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Definitions:

Alleles

Different versions of a gene that determine distinct traits and can be passed from parents to offspring.

Heterozygous

Refers to having two different alleles for a single trait in an organism's pair of genes.

Homozygous

A genetic condition where an individual inherits the same alleles for a particular gene from both parents.

Colorblindness

a genetic condition characterized by the inability to clearly distinguish different colors of the spectrum.