Which of the Following Are the Defining Assumptions of the Short

question 3

Multiple Choice

Which of the following are the defining assumptions of the short 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 adjust to output gaps,and technology and factor prices are changing.
• E)Factor prices are exogenous,technology and factor prices are endogenous.

---

Definitions:

Accidents

Unplanned, unforeseen events that can cause damage or injury due to a lack of intention or predictable cause.

Blindsight

A phenomenon where people who are perceptually blind in certain areas of their visual field demonstrate some response to visual stimuli without consciously perceiving them.

Parallel Processing

The ability of the brain to simultaneously process incoming stimuli of differing quality, facilitating complex tasks like vision and motor control.

Change Blindness

A phenomenon where observers fail to notice changes in a visual scene, indicating limitations in attention and perception.