The Long-Run Output of an Economy Depends on

question 66

Multiple Choice

The long-run output of an economy depends on

• A) the level of spending.
• B) the level of unemployment.
• C) the level of inflation.
• D) the level of aggregate demand.
• E) resources,technology,and institutions.

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Definitions:

Gallons

A unit of volume for liquid measure equal to four quarts, used in both the US customary and British imperial systems.

Cereal

Grain-based food typically eaten as breakfast, made from processed grains and often fortified with vitamins and minerals.

Secondary Effect

The indirect consequences or impacts of an action or policy that may not be immediately apparent.

Cocaine

A powerful and illegal stimulant drug derived from the leaves of the coca plant, which can cause significant health and legal issues.