The Long-Run Aggregate Supply Curve Is Determined by All of the Following

question 94

Multiple Choice

The long-run aggregate supply curve is determined by all of the following EXCEPT

• A)aggregate demand.
• B)endowments.
• C)technology.
• D)the amount of resources that exist in the economy.

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Definitions:

Method of Incremented Stimuli

A technique in psychophysical research where stimuli are gradually increased in intensity to determine the threshold at which a sensation is detected.

Opponent-Process Theory

The Opponent-Process Theory is a psychological and neurological model that explains how the perception of colors is controlled by the operation of opposing neural systems.

Trichromatic Theory

A theory of color vision that proposes three types of color receptor cells in the eye, corresponding to three primary colors.

Color Vision

Color vision is the capability of an organism to distinguish objects based on the wavelengths (or frequencies) of the light they reflect, emit, or transmit.