The Long Run Is Defined as

question 134

Multiple Choice

The long run is defined as

• A) any time after six months.
• B) any time after one year.
• C) the period of time when all resources are fixed.
• D) the period of time when most (more than 50 percent) resources are variable.
• E) the period of time when all resources are variable.

Assess the role of economic policies and crises, such as the Panic of 1837 and the Independent Treasury system, on the development of the American economy.

Discuss the influence of the Monroe Doctrine and manifest destiny on American foreign policy and territorial expansion.

Evaluate the arguments and outcomes of the nullification crisis and understand the constitutional interpretations and sectional differences it highlighted.

Examine the development and significance of political parties during the Jacksonian era, including the Democratic Party and the Whig Party.