In Terms of Aggregate Supply, the Difference Between the Long

question 82

Multiple Choice

In terms of aggregate supply, the difference between the long run and the short run is that in the long run:

• A)the price level is variable.
• B)employment is variable.
• C)real output is variable.
• D)nominal wages and other input prices are variable.

---

Definitions:

Mate Limitation Hypothesis

A theory suggesting that the availability of potential reproductive partners limits the reproductive success of individuals, particularly in populations with skewed sex ratios.

Monogamy

The practice of maintaining a sexually exclusive relationship with one partner over a period of time.

Genetic Diversity Hypothesis

The proposition that genetic variation within a population or species is beneficial for its survival and adaptation, often leading to increased resistance to disease and environmental changes.

Good Genes Hypothesis

The good genes hypothesis suggests that certain traits preferred by mates are indicators of genetic quality or fitness.