At Any Particular Point in Time, the Output of the Economy

question 31

Multiple Choice

At any particular point in time, the output of the economy:

• A) is fixed because the supplies of capital and labor and the technology are fixed.
• B) is fixed because the demand for goods and services is fixed.
• C) varies because the supplies of capital and labor vary.
• D) varies because the technology for turning capital and labor into goods and services varies.