Suppose the Economy Is at a Short-Run Equilibrium GDP That

question 110

Multiple Choice

Suppose the economy is at a short-run equilibrium GDP that lies below potential GDP.Which of the following will occur because of the automatic mechanism adjusting the economy back to potential GDP?

• A)Output will decrease.
• B)Prices will increase.
• C)Unemployment will rise.
• D)Short-run aggregate supply will shift to the right.

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Definitions:

MicroRNA

Small noncoding RNA that silences gene expression by hybridizing with an mRNA, thus triggering its destruction.

Complementary

Things that complete or bring out the best in each other, often used in reference to DNA strands or features that work synergistically.

Translation

The process in which cellular ribosomes create proteins, based on the information contained in messenger RNA.

Operon

Group of genes together with a promoter-operator DNA sequence that controls their transcription.