In the Long Run, the Output Level Is Determined by

question 135

Multiple Choice

In the long run, the output level is determined by

• A) aggregate demand.
• B) long-run aggregate supply.
• C) the government.
• D) household income.

---

Definitions:

Personal Factors

Encompass individual characteristics such as personality, skills, values, and experiences that influence behavior and attitudes.

Managerial Ethics

The principles and standards governing the conduct of managers in their professional actions, ensuring integrity and fairness in decision-making.

Religious Values

The beliefs and moral principles that are derived from religious doctrines and practices.

Supervisors

Individuals who oversee the work of others, guiding, directing, and evaluating their performance.