When Accounting for Changes in Real GDP, Changes in the Factor-

question 63

Multiple Choice

When accounting for changes in real GDP, changes in the factor- utilization rate are most important in the

• A)long run because firms adapt to wage changes and hire more workers.
• B)short run because firms immediately build new plants to satisfy changes in demand.
• C)long run because firms need time to hire more workers or acquire additional capital.
• D)short run because firms need time to adjust their price lists.
• E)short run because firms react to changes in demand by increasing production from existing facilities.

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Connections or relationships between entities that can be clearly recognized or established.

Cycle Of Learning

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A planned approach for effectively conveying messages and information to a target audience, achieving specific goals and outcomes.

Underscore And Explore

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