Because of Intertemporal Substitution,the Effect of a Negative Economic Shock

question 149

Multiple Choice

Because of intertemporal substitution,the effect of a negative economic shock on real GDP will:

• A) be larger than otherwise.
• B) become a positive shock in the end.
• C) disappear immediately.
• D) occur only in the long run,but not during the short run.

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Definitions:

Corpus Spongiosum

A sponge-like tissue that surrounds the urethra and expands at the end to form part of the glans of the penis, which helps protect the urethra during erection.

Chlamydia

A bacterial infection transmitted sexually, affecting both men and women and often showing no symptoms in its early stages.

Vesiculitis

An inflammation of the vesicles, particularly the seminal vesicles, often associated with infection or trauma.

Epididymis

A tightly coiled tube located behind each testicle, crucial for the storage, transport, and maturation of sperm.