The Level of Long-Run Aggregate Supply Is Not Affected by Changes

question 10

Multiple Choice

The level of long-run aggregate supply is not affected by changes in:

• A)technology.
• B)the capital stock.
• C)the price level.
• D)the size of the labour force.

---

Definitions:

Expenses Paid

Funds that have been disbursed to cover the costs incurred by a business or individual.

Payment of Liability

The process of discharging obligations or debts by transferring assets, typically cash, to the creditor or lender.

Purchase of Asset

The act of acquiring a tangible or intangible resource that is expected to provide benefits to a business over multiple periods.

Total Liabilities

The sum of all financial obligations or debts owed by a company to external entities or individuals.