In the Short Run,but Not in the Long Run

question 185

Multiple Choice

In the short run,but not in the long run,

• A)actual output can equal potential output
• B)cyclical unemployment can exist
• C)structural unemployment can exist
• D)frictional unemployment can exist
• E)real and nominal GDP can differ

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Materially Altered

Describes a significant modification to an object, document, or agreement that changes its original condition or intent.

Merchants

Individuals or businesses engaged in the commercial trade of goods, services, or commodities.

Standardized Form

Documents or procedures that have been uniformed across a setting or industry to ensure consistency and efficiency.

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Detailed plans or suggestions put forward for consideration or discussion, especially in a professional or business context.