The Long-Run Aggregate Supply Curve Is Determined by All of the Following

question 292

Multiple Choice

The long-run aggregate supply curve is determined by all of the following EXCEPT

• A) aggregate demand.
• B) human capital.
• C) technology.
• D) the amount of resources that exist in the economy.

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Definitions:

EBIAT

Earnings Before Interest After Taxes, a measure of a company's profitability that excludes interest expenses but includes taxes.

Amortization

The process of spreading out a loan into a series of fixed payments over time, accounting for both principal and interest.

Capital Expenditures

Funds spent by a company to acquire or upgrade physical assets such as equipment or property.

Profits After Tax

The net income a company retains after paying all its taxes.