Suppose That During the Great Depression Long-Run Aggregate Supply Shifted

question 12

Multiple Choice

Suppose that during the Great Depression long-run aggregate supply shifted left.To be consistent with what happened to the price level and output,what would have had to happen to aggregate demand?

• A)It would have to have shifted left by less than aggregate supply.
• B)It would have to have shifted left by more than aggregate supply.
• C)It would have to have shifted right by less than aggregate supply.
• D)It would have to have shifted right by more than aggregate supply.

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Definitions:

Dynamic Binding

A mechanism in object-oriented programming where the code to execute is determined at runtime based on the object type rather than at compile time.

Compile Time

The phase in which a program's source code is converted into executable code by a compiler, before the program is run.

Execution Time

The total time required for a computer program or specific block of code to complete execution.

Multiple Inheritance

A feature of some object-oriented programming languages in which a class can inherit behaviors and attributes from more than one parent class.