Which of the Following Characteristics Define the Long Run in Macroeconomics

question 87

Multiple Choice

Which of the following characteristics define the long run in macroeconomics?

• A)Factor prices are exogenous, and technology and factor supplies are constant.
• B)Factor prices adjust to output gaps, and technology and factor supplies are changing.
• C)Factor prices are exogenous, and technology and factor supplies are changing.
• D)Factor prices adjust to output gaps, and technology and factor supplies are constant.
• E)Factor prices are exogenous, technology and factor prices are exogenous.

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Definitions:

Starter Relay

The magnetic switch that when energized by the starter control circuit closes the high-current cranking circuit. Also known as magnetic switch or mag switch.

Sub-zero Conditions

Environments or temperatures below 0°C (32°F), often requiring special considerations for materials and equipment.

Gelled Engine Oil

Refers to engine oil that has thickened into a semi-solid state, often due to low temperatures.

Flywheel Ring Gear

A gear attached around the circumference of the flywheel in an internal combustion engine, engaged by the starter motor to start the engine.