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:

Functional Orientation

An approach focusing on the practical and operational aspects of things rather than their theoretical or aesthetic considerations.

Topic Temporality

The time-related characteristics or aspects of a topic, such as how it changes or remains relevant over time.

Topic Breadth

The range or diversity of subjects covered within a particular content, discussion, or area of knowledge.

Evergreen

Content that remains relevant and useful over a long period without requiring frequent updates.