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:

Integrative Complexity

A psychological construct that measures an individual's ability to recognize multiple perspectives and integrate them into a coherent understanding.

Deliberately Formed

Refers to groups or entities created with specific intentions or objectives in mind.

Spontaneously Form

The natural or unplanned inception of structures, patterns, or groups without explicit external influence or direction.

Group Size

Refers to the number of individuals constituting a group, which can significantly influence the group's dynamics, communication patterns, and overall functionality.