Which of the Following Is FALSE Concerning the Long Run

question 14

Multiple Choice

Which of the following is FALSE concerning the long run?

• A)Economists believe that fiscal and monetary policies have no permanent effects on the economy.
• B)Economists more or less agree that the economy tends to fluctuate around the level that is consistent with full employment.
• C)In the long run, the unemployment rate returns to its normal level.
• D)The current account must tend toward balance in the long run.
• E)None of the above.

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Definitions:

Biodiversity Of Oceans

The variety of life in the world's oceans and seas, including the ecosystems, species, and genetic diversity found within marine environments.

Habitat Degradation

The process by which a natural habitat becomes incapable of supporting its native species due to environmental pressures or human activities.

Maximum Sustained Yield

The largest yield or catch that can be taken from a species' stock over an indefinite period without causing stock depletion.

Commercially Valuable Stocks

Investments or goods that have significant market value and the potential to generate profit.