The Long-Run Output of an Economy Depends on

question 66

Multiple Choice

The long-run output of an economy depends on

• A) the level of spending.
• B) the level of unemployment.
• C) the level of inflation.
• D) the level of aggregate demand.
• E) resources,technology,and institutions.

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Definitions:

Regulate Behavior

The process of controlling or guiding actions and responses according to rules, norms, or laws.

Express Oneself

The act of conveying thoughts, feelings, or ideas to others through speech, writing, or artistic expression.

Make Oneself Understood

The ability to communicate one’s thoughts, intentions, or needs in a manner that others can comprehend.

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge—to oneself and others, and to understand that others have beliefs, desires, and intentions that are different from one’s own.