In the Long Run,what Determines the Level of Output

question 54

Multiple Choice

In the long run,what determines the level of output?

• A) the money supply
• B) the price level
• C) supply of capital and labour
• D) policies aimed at stabilizing the economy

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Definitions:

Subrogation Action

A legal action where an insurer seeks to recover the amount of an insurance claim paid to the insured from the party responsible for causing the loss.

Indemnity Action

A legal action seeking compensation for damages or loss from another party as recompense for harm suffered.

Duty To Defend

The duty to defend entails a legal obligation, often found in insurance policies, where the insurer must provide legal defense to the insured party in case of a lawsuit that falls under the policy coverage.

Compensatory Damages

Monetary awards issued to a plaintiff to compensate for actual losses, injuries, or damages they have incurred.