Which of the Following Are the Defining Assumptions of the Long

question 131

Multiple Choice

Which of the following are the defining assumptions of the long run in macroeconomics?

• A)Factor prices are exogenous,and technology and factor supplies are changing.
• B)Factor prices adjust to output gaps,and technology and factor supplies are constant.
• C)Factor prices are exogenous,and technology and factor supplies are constant.
• D)Factor prices have fully adjusted to output gaps,and technology and factor supplies are changing.
• E)Factor prices are exogenous,technology and factor prices are exogenous.

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Definitions:

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The belief in the superiority of one's own ethnic group or culture, often accompanied by a disregard for other cultures.

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