In Macroeconomics, the Long Run Is

question 153

Multiple Choice

In macroeconomics, the long run is

• A) a period long enough that participants in the economy will have enough time to gain all relevant information but not enough time to act correctly on that information.
• B) the same period accountants use to measure long-term assets and liabilities.
• C) a period long enough that participants in the economy will have enough time to gain all relevant information and enough time to act correctly on that information.
• D) a period long enough that participants in the economy will have enough time to act correctly on all relevant information but not enough time to collect all of it.

---

Definitions:

Migraines

A neurological condition characterized by intense, debilitating headaches often accompanied by other symptoms such as nausea and light sensitivity.

Body Composition

The ratio of fat to lean tissue (including water, bone, muscle, and other organs) in the human body.

Basic Component

An essential element or part of a complex system or substance, fundamental to its function or structure.

Individuals

Separate and distinct persons or entities.