Which of the Following Statements Is Correct for the Long

question 78

Multiple Choice

Which of the following statements is correct for the long run?

• A)Output is determined by the amount of capital,labor,and technology;the interest rate adjusts to balance the supply and demand for money;the price level adjusts to balance the supply and demand for loanable funds.
• B)Output is determined by the amount of capital,labor,and technology;the interest rate adjusts to balance the supply and demand for loanable funds;the price level adjusts to balance the supply and demand for money.
• C)Output is determined by the amount of capital,labor,and technology;the interest rate adjusts to balance the supply and demand for loanable funds;the price level is relatively slow to adjust.
• D)Output responds to the aggregate demand for goods and services;the interest rate adjusts to balance the supply and demand for loanable funds;the price level adjusts to balance the supply and demand for money.

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Definitions:

Some Competence

A reference to possessing a certain level of ability or knowledge in a specific area.

Low Commitment

Refers to minimal or lackluster emotional or intellectual dedication by an individual towards their job or organization.

SLII Model

A situational leadership theory that proposes different leadership styles based on the maturity level of the followers.

Development Level

The stage of growth or advancement in a particular area, often indicating the ability, competence, or maturity level in a certain skill or field.