According to the Second Monetarist Proposition,which of the Following Factors

question 54

Multiple Choice

According to the second monetarist proposition,which of the following factors do not determine the level of real output in the long run?

• A)The stock of capital goods
• B)The size of the labor force
• C)The quality of the labor force
• D)The state of technology
• E)The quantity of money

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Definitions:

Shrimp Sales

The commercial activity of selling shrimp, a popular seafood, either cultivated or wild-caught, in various markets.

Binding Price Floor

A government-imposed price control set above the equilibrium price, causing a surplus by preventing the price from falling to its natural level.

Hybrid Cars

Vehicles powered by a combination of an internal combustion engine and one or more electric motors, using less fuel than conventional vehicles.

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved.