What Is the Difference Between the Short Run and the Long

question 77

Multiple Choice

What is the difference between the short run and the long run when there is full employment and the government engages in deficit spending?

• A) Real GDP will increase in both the short run and the long run.
• B) Real GDP will increase in the long run but not the short run.
• C) Real GDP will increase in the short run but not the long run.
• D) Real GDP will not increase in either the long run or the short run.

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Definitions:

Allele

One of any number of alternative forms of the DNA sequence of the same locus.

Ray-Finned Teleost

A group of fish, characterized by their fin structure, which is supported by bony spines known as rays.

Astyanax

A genus of small freshwater fish widely used in scientific research, particularly in studies of development and genetics.

Parallel Evolution

Refers to independent evolution of similar traits, starting from a similar ancestral condition.