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In the AD-AS Model with SRAS Included,prices and Wages Are

question 70

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In the AD-AS model with SRAS included,prices and wages are assumed to be perfectly flexible in the short run.

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Definitions:

Long-term Consequences

The enduring effects or outcomes that result from actions, conditions, or decisions over a prolonged period.

Behavior Therapies

Psychotherapeutic interventions aimed at changing maladaptive behaviors through techniques such as conditioning and reinforcement.

Pharmacotherapy

The treatment of diseases, especially mental disorders, through the administration of drugs.

Cognitive-behavior Therapy

A psychotherapeutic treatment that helps patients understand the thoughts and feelings that influence behaviors, aimed at changing negative patterns to improve the way they feel.

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