In Terms of Aggregate Supply, the Difference Between the Long

question 82

Multiple Choice

In terms of aggregate supply, the difference between the long run and the short run is that in the long run:

• A)the price level is variable.
• B)employment is variable.
• C)real output is variable.
• D)nominal wages and other input prices are variable.

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Definitions:

Capital Gains

The profit made from selling an asset at a higher price than its purchase price.

Payout Ratio

A financial metric that shows the percentage of a company's earnings paid to shareholders as dividends.

Dividends

Payments made by a corporation to its shareholder members, often derived from the company's profits.

Stockholders

Stockholders, also known as shareholders, are individuals or entities that own one or more shares of stock in a public or private corporation.