Multiple Choice
Which of the following are the defining assumptions of the short run in macroeconomics?
A) Factor prices are exogenous,and technology and factor supplies are changing.
B) Factor prices adjust to output gaps,and technology and factor supplies are constant.
C) Factor prices are exogenous,and technology and factor supplies are constant.
D) Factor prices adjust to output gaps,and technology and factor prices are changing.
E) Factor prices are exogenous,technology and factor prices are endogenous.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: An adjustment "asymmetry" in aggregate supply is<br>A)the
Q2: A recessionary output gap is characterized by<br>A)rising
Q4: Consider the AD/AS macro model.Why do we
Q5: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7713/.jpg" alt=" FIGURE 24-2 Refer
Q6: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7713/.jpg" alt=" FIGURE 24-5 Refer
Q7: The "long-run aggregate supply curve," vertical at
Q8: Suppose the economy is initially in a
Q9: The diagram below shows an AD/AS model
Q10: The table below shows data for five
Q11: An important assumption in the AD/AS macro