In the Long Run ________

question 67

Multiple Choice

In the long run ________.

• A)the amount of output an economy can produce is determined by real variables like capital,labor and technological advances
• B)aggregate supply is fixed at the potential level of output
• C)there is enough time for prices to fully adjust so the classical dichotomy holds
• D)all of the above
• E)none of the above

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Definitions:

Publications

Materials such as books, magazines, reports, or any kind of written documents that are made available to the public.

Delphi Analysis

A forecasting method involving a panel of experts who anonymously provide their opinions or predictions, which are compiled and shared with the panel to refine their responses.

Legal Compliance

The process of ensuring that an organization adheres to relevant laws, regulations, and standards in its operations.

Global Competition

The process where companies and organizations compete with others around the world for customers, resources, and market share.