Which of the Following Are the Defining Assumptions of the Short

question 3

Multiple Choice

Which of the following are the defining assumptions of the short run in macroeconomics?

• A)Factor prices are exogenous,and technology and factor supplies are changing.
• B)Factor prices adjust to output gaps,and technology and factor supplies are constant.
• C)Factor prices are exogenous,and technology and factor supplies are constant.
• D)Factor prices adjust to output gaps,and technology and factor prices are changing.
• E)Factor prices are exogenous,technology and factor prices are endogenous.

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Definitions:

Technician

A professional skilled in the practical application of science and technology in a particular domain, often related to systems maintenance, repairs, and installations.

Virtual Memory

A functionality within an operating system that leverages both hardware and software components to manage instances when the physical memory is insufficient, by momentarily moving information from the random access memory (RAM) to a disk storage system.

Control Panel

A component of the operating system that allows users to modify system settings and control hardware features.

System

A group of interacting or interrelated elements that function as a complex whole, often used in the context of computing to refer to software, hardware, and peripherals working together.