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:

Ducktail Haircut

A men's hairstyle from the 1950s where hair is combed to the back of the head and split down the middle, resembling a duck's tail.

Swiveling Hips

A rotational movement of the hips around a vertical axis, often associated with dance moves or physical exercises.

Open-Necked Shirts

Shirts designed with the top portion around the neck left unfastened, often worn for casual or comfortable settings.

Tinker Creek

A location or possibly a reference to "Pilgrim at Tinker Creek," a non-fiction narrative book by Annie Dillard that explores nature and philosophical themes.