Which of the Following Is a Lesson Concerning Shifts in Aggregate

question 38

Multiple Choice

Which of the following is a lesson concerning shifts in aggregate demand?

• A)they contribute to fluctuations in output.
• B)in the long-run they change real output,but not the price level.
• C)policymakers are unable to mitigate the severity of economic fluctuations.
• D)All of the above are correct.

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Definitions:

Composite Volcanoes

Volcanoes characterized by explosive eruptions and composed of alternating layers of lava flows and pyroclastic materials.

Pyroclastic Flows

Fast-moving currents of hot gas and volcanic materials that flow down the slopes of a volcano during an explosive eruption.

Caldera Collapse

The sinking of a volcano's summit, forming a large, bowl-shaped depression, typically following the emptying of the magma chamber in a major eruption.

Dome Formation

The upward bulging of the earth's surface to form a dome, often due to magma pushing upwards.