A Disaster That Destroys a Large Part of Current Agricultural

question 171

True/False

A disaster that destroys a large part of current agricultural output will not change LRAS, while a disaster that destroys the capital stock in a major city will reduce LRAS.

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Definitions:

Potential for Good

The inherent capability or possibility within individuals or situations to bring about positive outcomes or benefits.

Innate

Describes characteristics or abilities that are present in an organism from birth, not acquired or learned through experience.

Empirical Method

A way of gaining knowledge through direct and indirect observation or experience.

Observation of Phenomena

The act of carefully watching, noting, and analyzing occurrences or facts in the natural world to gain understanding or develop hypotheses.