In the Long Run, the Output Level Is Determined by

question 135

Multiple Choice

In the long run, the output level is determined by

• A) aggregate demand.
• B) long-run aggregate supply.
• C) the government.
• D) household income.

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Definitions:

Client/server Model

An architecture dividing applications into two roles: clients request services, and servers provide services, supporting networked, application service requests.

TCP

Transmission Control Protocol, a fundamental protocol in the Internet protocol suite that enables reliable, ordered, and error-checked delivery of a stream of bytes between applications running on hosts communicating via an IP network.

Three-way Handshake

A method used in a TCP/IP network to establish a connection between a client and a server that involves three steps: the initiation of the connection by the client, the acknowledgment by the server, and the acknowledgment of the acknowledgment by the client.

POP

Post Office Protocol, a standard protocol used by local email clients to retrieve emails from a remote server over an IP network.