The Long Run Is a Period That Is

question 181

Multiple Choice

The long run is a period that is:

• A) long enough in which to vary the quantities of all factors of production.
• B) more than one week.
• C) more than one month.
• D) at least one year.

---

Definitions:

Denomination Time Deposits

Time deposits in banks that have a fixed term and are denominated in specific amounts of money.

M1

A measure of the money supply that includes all physical currency and coins, demand deposits, traveler's checks, and other checkable deposits.

M2

M1 plus savings deposits, small-denomination time deposits, and money market mutual funds.

M3

M2 plus large-denomination time deposits.