Real GDP Will Increase Over the Long Run If

question 179

Multiple Choice

Real GDP will increase over the long run if

• A) prices continually go up.
• B) the long-run aggregate supply curve shifts continually to the right.
• C) the long-run aggregate supply curve shifts continually to the left.
• D) the long-run aggregate demand curve shifts continually to the left.

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Definitions:

Social Classes

Categories of people within a society who share similar socio-economic status, including wealth, education, occupation, and social standing.

Ethnic Groups

Communities or populations sharing a common cultural heritage, ancestry, language, or social experience.

Stress Theory

A theory suggesting that stress results from an individual's perception that demands exceed the personal and social resources they are able to mobilize.

Family Violence

encompasses a range of abusive behaviors that occur within a family, including physical, emotional, and sexual abuse.