In the Short Run, ________ Determines Output, and in the Long

question 107

Multiple Choice

In the short run, ________ determines output, and in the long run ________ determines output.

• A)potential output; prices
• B)potential output; total spending
• C)total spending; potential output
• D)total spending; prices

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Definitions:

Issuer

An entity that develops, registers, and sells securities for the purpose of financing its operations.

Date

A specific point in time, often defined by day, month, and year, which can be associated with events, deadlines, or appointments.

Holder

A person or entity that possesses a negotiable instrument, such as a check or bond, and has the legal right to enforce it.

Gift

A voluntary transfer of property or funds without receiving anything in return or expectation of return.