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:

Tidal Barrier

A structure built at the mouth of a river or in a tidal area, aimed at protecting low-lying areas from flooding due to high tides or storm surges.

Hydroelectric Power

Energy produced from the movement of water, often by using dams to generate electricity from water flowing downhill.

Gold Deposits

Concentrations of gold found within the Earth's crust, often mined for economic purposes.

Stream Gravels

Loose, water-worn rocks found in or near the bed of a stream.