Which of the Following Statements Is Correct for the Short

question 151

Multiple Choice

Which of the following statements is correct for the short 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 responds to the aggregate demand for goods and services;the interest rate adjusts to balance the supply and demand for money;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:

Preparedness

The state of being ready and well-prepared for a particular situation or event.

Naturally Adaptive

This term refers to the inherent ability of organisms to adjust and suit their behavior or physiology to environmental changes for survival and reproduction.

Associative Learning

A learning process by which a subject comes to associate stimuli with certain behaviors or outcomes, such as in classical or operant conditioning.

Cognitive Processes

The cognitive operations or activities engaged in obtaining knowledge and comprehension through thinking, experiencing, and sensory input.