In the Short Run,but Not in the Long Run

question 185

Multiple Choice

In the short run,but not in the long run,

• A)actual output can equal potential output
• B)cyclical unemployment can exist
• C)structural unemployment can exist
• D)frictional unemployment can exist
• E)real and nominal GDP can differ

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Definitions:

Health Care

The organized provision of medical services to individuals or communities for the treatment and prevention of disease.

Racial

Relating to, characteristic of, or distinguished by race or races, which can influence societal dynamics and individual experiences.

Ethnic Minority

is a group within a country or state that has different national, religious, linguistic, or cultural characteristics from the majority population.

Uninsured

Describes individuals or entities not covered under an insurance policy, exposing them to potential financial risk.