Which of the Following Are the Defining Assumptions of the Long

question 131

Multiple Choice

Which of the following are the defining assumptions of the long 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 have fully adjusted to output gaps,and technology and factor supplies are changing.
• E)Factor prices are exogenous,technology and factor prices are exogenous.

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Definitions:

Genetic Abnormalities

Deviations from the normal sequence of genes that can lead to medical or physical issues.

Cystic Fibrosis

A genetic disorder that affects the lungs and digestive system, characterized by the production of thick, sticky mucus that can lead to respiratory and digestive problems.

Diabetes

A group of diseases that affect how the body uses blood glucose, often leading to chronic health issues.

Phenylketonuria

A genetic disorder characterized by the inability of the body to process the amino acid phenylalanine, leading to harmful levels in the blood and brain if untreated.