The Basic (Static)aggregate Demand and Aggregate Supply Model Assumes That

question 164

Multiple Choice

The basic (static) aggregate demand and aggregate supply model assumes that

• A) potential GDP increases continuously.
• B) the economy does not experience long-run growth.
• C) the economy experiences continuing inflation.
• D) the economy's aggregate demand curve shifts to the right in most periods.

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Joint Chiefs

The Joint Chiefs of Staff is a body of senior uniformed leaders in the United States Department of Defense who advise the President, the Secretary of Defense, the Homeland Security Council, and the National Security Council on military matters.

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The senior leadership of the various branches of the military, responsible for overall management and operational readiness.

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