Which of the Following Does Not Influence the Position of the Long-Run

question 87

Multiple Choice

Which of the following does not influence the position of the long-run aggregate supply curve?

• A)the quantity of raw materials available for production
• B)the quantity of capital
• C)the quality of the labor force
• D)the actual price level
• E)the size of the labor force

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Definitions:

Ratio Data

A type of quantitative data that not only offers order and equal intervals between values but also has a natural zero point, enabling ratios to be calculated.

Nominal Data

Data categorized into distinct groups without any inherent order or ranking among the categories.

Specified Measure

A particular metric or standard defined for the purpose of evaluation, assessment, or calculation within a given context.

Natural Zero

A point on a scale that indicates the absence of the quantity being measured, indicating a true zero point where the measured phenomenon is nonexistent.