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:

Learning Principle

A foundational concept or guideline that informs the methods and strategies used for effective learning and knowledge acquisition.

Transference

In psychology, the process by which emotions are passed from one person to another; in psychoanalysis, it refers to the redirection of feelings from one person to another.

Relevance

The degree to which something is related or useful to what is happening or being talked about.

Courtesy Interviews

A type of interview conducted more out of politeness or to gather information rather than for the purpose of hiring.