Which of the Following Would Affect Both Short-Run and Long-Run

question 50

Multiple Choice

Which of the following would affect both short-run and long-run aggregate supply?

• A) a supply shock
• B) menu costs
• C) money illusion
• D) technological change
• E) a change in the general price level

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Definitions:

Servicing Model

A union representation model where the focus is on providing services to members, such as legal advice and representation, rather than on mobilizing workers or political action.

Representation

The action of speaking or acting on behalf of someone or the state of being represented.

National Union

A labor union that operates across an entire nation, representing workers in a specific industry or multiple industries at a national level.

Bylaws

Rules and regulations adopted by an organization or community to govern its own actions and behavior of its members.