In the Long Run, the Level of Output

question 130

Multiple Choice

In the long run, the level of output

• A) depends on the money supply.
• B) depends on the price level.
• C) is determined by supply-side factors.
• D) All of the above are correct.

---

Definitions:

Somatic

Relating to or affecting the body, especially as distinguished from the mind or spirit.

Pituitary

A pea-sized gland at the base of the brain that is crucial for regulating vital body functions and general wellbeing through the secretion of hormones.

Endocrine Gland

Endocrine system glands that directly secrete hormones into the bloodstream.

Thyroid

A gland in the neck that produces hormones regulating growth and metabolism.