Which of the Following Factors Influence the Position of the Long-Run

question 143

Multiple Choice

Which of the following factors influence the position of the long-run aggregate supply curve?

• A) the supply of money
• B) government spending
• C) taxes
• D) the level of full-employment output

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Definitions:

Authority And Responsibility

A management principle stating that a person with authority (power to make decisions) should also be responsible for the outcomes of those decisions.

Performance Evaluation

The process of assessing the performance of employees, processes, or systems against set benchmarks or standards.

Financial Budgets

Detailed plans that outline an organization's financial goals and the strategies to achieve them, including projections of income, expenses, and cash flow.

Operating Budgets

An operating budget details the forecasted revenue and expenses for the day-to-day operations of a company for a specific period.