Which Statement Is Consistent with the Long-Run Theories Studied

question 96

Multiple Choice

Which statement is consistent with the long-run theories studied?

• A) In the long run, output responds to the aggregate demand and supply of goods and services; the interest rate adjusts to balance the supply and demand for money; and the price level adjusts to balance the supply and demand for loanable funds.
• B) In the long run, output is determined by the amount of capital, labour, and technology; the interest rate adjusts to balance the supply and demand for loanable funds; and the price level adjusts to balance the supply and demand for money.
• C) In the long run, output is determined by the amount of capital, labour, and technology; the interest rate adjusts to balance the supply and demand for loanable funds; and the price level is stuck.
• D) In the long run, output responds to the aggregate demand for goods and services; the interest rate adjusts to balance the supply and demand for loanable funds; and the price level adjusts to balance the supply and demand for money.

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Definitions:

Brain Structure

The physical anatomy and organization of the brain, including its various parts, such as the cortex, cerebellum, and neural pathways.

ADHD

Attention Deficit Hyperactivity Disorder, a neurodevelopmental disorder characterized by difficulties with attention, impulse control, and hyperactivity.

Metabolism

The biochemical processes that occur within a living organism to maintain life, involving the conversion of food into energy and building materials.

Dopamine

A neurotransmitter associated with movement, attention, learning, and the brain’s pleasure and reward system.