In Response to Some Unexpected Changes in Demand

question 47

Multiple Choice

In response to some unexpected changes in demand:

• A)the economy could always adjust its production level if the prices are inflexible.
• B)the economy would always produce less than what was expected if the prices of goods and services are inflexible.
• C)the economy could always produce at its optimal capacity if the prices of goods and services are inflexible.
• D)the economy could always produce at its optimal capacity if the prices of goods and services are fully flexible.

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Definitions:

Cranial Nerves

Twelve pairs of nerves that originate in the brainstem and control motor and sensory functions of the head and neck.

Lumbar Sections

Refers to the segments of the lower back part of the vertebral column, typically involving the five vertebrae situated between the rib cage and the pelvis.

Sacral Portions

Relating to the sacrum, a triangular bone at the base of the spine composed of five fused vertebrae, part of the pelvis.

Law of Bell and Magendie

A fundamental principle in neuroscience stating that anterior spinal roots contain only motor fibres and posterior roots contain only sensory fibres.