Which of the Following Does NOT Influence the Position of the Long-Run

question 117

Multiple Choice

Which of the following does NOT influence the position of the long-run aggregate supply curve?  

• A) the quantity of raw materials available for production 
• B) the quantity of capital 
• C) the actual price level 
• D) the size of the labour force

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Definitions:

Piagetian Preoperational Stage

A developmental stage in early childhood (approximately aged 2-7 years) characterized by symbolic thinking, egocentrism, and a lack of logical operations, according to Piaget's theory.

Conservation

In cognitive development, the understanding that an object's or substance's quantity remains the same despite changes in its shape or form.

Appearance-Reality

A cognitive development concept referring to the ability to differentiate between what something appears to be and what it actually is.

Sociocultural Theory

Vygotsky’s theory that individuals acquire culturally relevant ways of thinking through social interactions with members of their culture.