The Level of Real GDP in the Long Run Is

question 59

Multiple Choice

The level of real GDP in the long run is

• A)potential GDP.
• B)affected by changes in the price level.
• C)determined solely by aggregate demand.
• D)the same as the level of nominal GDP in the long run.

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Definitions:

Bodhisattva

In Buddhist thought, a potential Buddha who chooses not to achieve enlightenment in order to help save humanity.

Buddhism Introduction

The spread of Buddhism into various regions around the globe, beginning in the 6th century BCE, which introduced the teachings of Siddhartha Gautama, emphasizing enlightenment and the middle path.

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A country in East Asia, known for its rich history, culture, and divide into two distinct nations: North Korea and South Korea, following the Korean War.

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A period in history marked by significant achievements and contributions in the arts within a culture or civilization.