In Macroeconomics, the Long Run Refers To

question 129

Multiple Choice

In macroeconomics, the long run refers to:

• A) one year.
• B) two years.
• C) ten years.
• D) None of these is true.

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Definitions:

Cortes

Hernán Cortés, a Spanish conquistador who led an expedition that caused the fall of the Aztec Empire and brought large portions of what is now mainland Mexico under the rule of the King of Castile in the early 16th century.

Malintzin

Also known as La Malinche, she was an Indigenous woman who played a crucial role as an interpreter, advisor, and intermediary for the Spanish conqueror Hernán Cortés during the Spanish conquest of Mexico.

Greater Antilles

The Greater Antilles is a grouping of the larger islands in the Caribbean Sea, including Cuba, Jamaica, Hispaniola (Haiti and the Dominican Republic), and Puerto Rico.

Encomiendas

A Spanish colonial practice that granted colonists the right to demand tribute and labor from indigenous peoples in the Americas, effectively a form of forced labor and enslavement.