An Economy Operating at a Real GDP Level Below Its

question 241

Multiple Choice

An economy operating at a real GDP level below its potential will have:

• A) relatively high unemployment levels.
• B) nominal wages moving upward as the economy moves from the short run to the long run.
• C) the SRAS curve shifting left as the economy corrects itself from the short run to the long run.
• D) no change in price levels.

---

Definitions:

Stage

Has two clips that hold the specimen slide to be viewed.

Specimen Slide

A thin slice of material, such as tissue, prepared for examination under a microscope.

PASS Method

a mnemonic for the use of fire extinguishers, standing for Pull the pin, Aim at the base of the fire, Squeeze the handle, and Sweep side to side.

Universal Precautions

An approach to infection control where all human blood and certain bodily fluids are treated as if they are infectious for bloodborne pathogens.