If the Aggregate Demand (ADI)curve in an Economy Is Y

question 34

Multiple Choice

If the aggregate demand (ADI) curve in an economy is Y = 10,000 - 10,000
,current inflation ( ) equals 0.07 (7%) ,and potential output (Y*) equals 9,500,then in the short run,equilibrium output equals ________ and,in the long run,the inflation rate equals ________%

• A) 9,700;3
• B) 9,500;5
• C) 9,500;7
• D) 9,300;5
• E) 9,300;7

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Definitions:

Conventional

Following traditional practices or norms; not novel or unconventional.

Preconventional

A stage in moral development characterized by reasoning based on personal rewards and punishments.

Postconventional

A stage of moral development in which individuals make judgments based on universal principles and the rights of others rather than convention.

Moral Development

Refers to the processes through which individuals acquire and understand moral standards and behaviors.