-The Reason That It Is Possible for the Economy in the Above

question 172

Multiple Choice

-The reason that it is possible for the economy in the above figure to be at E2 rather than at E1 is that

• A) in the long run there is always less than full employment.
• B) in the short run the economy can produce more than it can in a long-run full-adjustment situation.
• C) AD always shifts outward and never shifts inward.
• D) the economy must be in a recession.

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Definitions:

Brong-Ahafo Region

A former administrative region of Ghana, known for its rich culture and agricultural productivity, before it was divided into new regions in 2018.

Zinacanteco

Pertaining to the Zinacantán, an indigenous Maya community in the state of Chiapas, Mexico, known for their traditional textiles and rituals.

Social Position

An individual's place or status within a social hierarchy, which can be determined by factors like wealth, occupation, education, and social network.

Newborn

Refers to an infant in the very first weeks of life, typically considered to be the period up to 28 days after birth.