In the Classical Long-Run Model

question 109

Multiple Choice

In the classical long-run model,

• A) we focus on labor resources,rather than capital or land
• B) we study thousands of different resource markets
• C) we concentrate our attention on three resource markets: land,labor,and capital
• D) we focus on two markets: households and firms
• E) the number of variables we include depends upon whether we are focusing on the short run or the long run

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