In the Above Figure,if We Start at and

question 272

Multiple Choice

In the above figure,if we start at and ,and the money supply increases unexpectedly,what causes the economy to get to the long-run equilibrium?

• A)People's expectations will revise after a short-run gain in output,wages will fall,and SRAS will shift leftward.
• B)People's expectations will revise after a short-run gain in output,wages will rise,and SRAS will shift rightward.
• C)People's expectations will revise after a short-run loss in output,wages will fall,and SRAS will shift leftward.
• D)People's expectations will revise after a short-run gain in output,wages will rise,and SRAS will shift leftward.

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A substance obtained from the Cannabis plant that affects the mind, employed for either medical reasons or recreational use.

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant, commonly used recreationally and known for its addictive properties.

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An individual with a compulsive urge to shop excessively, often resulting in personal, financial, and emotional distress.

Tolerance

The process by which the body increasingly adapts to a substance or a physiological stimulus, requiring larger amounts to achieve the original effect.