Which of the Following Curves Reflects the Idea That in the Long

question 114

Multiple Choice

Which of the following curves reflects the idea that in the long run, output is determined only by the factors of production and given technology?

• A) the aggregate demand curve
• B) the market supply curve
• C) the long-run aggregate supply curve
• D) the Keynesian aggregate supply curve

---

Definitions:

Gain Yards

In sports, particularly in American football, it refers to the advancement of the ball down the field to gain distance towards the opponent's end zone.

Probability .70

A statistical measure indicating a 70% chance of a specified event occurring.

Nash Equilibrium

A situation in a non-cooperative game where each player's strategy is optimal given the strategies of all other players.

Press Button

An act of pressing a switch or a button to control a machine or process.