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:

Segment

A group of people or organizations sharing one or more characteristics that cause them to have similar product needs.

Market

A place or mechanism where buyers and sellers interact to trade goods, services, or information.

Geography

The study of the Earth's physical features, environment, and human-environment interactions.

Sales Potential

The maximum total sales of a product or service that could be achieved within a specific market over a given time period.