Use the Following to Answer Questions

question 11

Multiple Choice

Use the following to answer questions:
Select the word or phrase from the Terms section that best matches the definition or example provided in the Definitions section.
Terms
-An early civilization that developed along the coast of the Gulf of Mexico around 1200 B·C·E·.

• A)Norte Chico/Caral
• B)Indus Valley civilization
• C)Central Asian/Oxus civilization
• D)Olmec civilization
• E)Uruk
• F)Epic of Gilgamesh
• G)Mohenjo Daro/Harappa
• H)Code of Hammurabi
• I)patriarchy
• J)rise of the state
• K)Egypt
• L)Sumer
• M)Paneb
• N)Nubia

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Definitions:

Expected Price Level

The forecasted average price across all goods and services in an economy, reflecting the expected general price environment.

Long-Run Aggregate-Supply

The total quantity of goods and services that producers in an economy are willing and able to supply at a full employment level, without any changes in the price level over the long term.

Short Run Aggregate Supply

The total supply of goods and services that businesses in an economy plan on selling during a short time period, assuming that the prices of resources do not change.

Price Level

A mean value of present prices for all goods and services in the economy, indicating the level of inflation or deflation.