The Long Run in Macroeconomic Analysis Is a Period

question 46

Multiple Choice

The long run in macroeconomic analysis is a period

• A) in which wages and some other prices are sticky.
• B) in which full wage and price flexibility and market adjustment have been achieved.
• C) greater than 12 months.
• D) in which the capital stock is held constant.

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Definitions:

Learning List

A method or a tool used for memorization that involves enumerating or cataloguing information in a structured format.

Stored Memory

Information that has been retained over time and can be recalled or accessed from the brain.

Anterograde Amnesia

The loss of the ability to create new memories after the event that caused the amnesia, leading to a partial or complete inability to recall the recent past, while long-term memories from before the event remain intact.

Retrograde Amnesia

A form of amnesia where an individual loses memories for events that occurred prior to the onset of the amnesia.