Which One of the Following Statements Is TRUE

question 10

Multiple Choice

Which one of the following statements is TRUE?

• A) In the short run, the level of output is determined by demand.
• B) In the long run, the level of output is determined by demand.
• C) In the long run, the aggregate supply curve is horizontal.
• D) Where aggregate demand and aggregate supply intersect is always the full-employment level of output.

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Definitions:

IPO

stands for Initial Public Offering, the process by which a private company goes public by offering its shares to the general public for the first time.

Bargaining Power

The capability of one party in negotiations to influence the terms and conditions in their favor.

Cash Flow

The total amount of money being transferred into and out of a business, considered essential for maintaining operations and fulfilling financial commitments.

Time Frame

The period during which an event occurs or a condition exists.