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

Verified
Correct Answer:
Verified
Q82: If the short- run macroeconomic equilibrium occurs
Q83: Suppose Canada's economy is in a long-
Q84: Consider an economy with a relatively steep
Q85: If the economy in the short run
Q86: Automatic fiscal stabilizers are most helpful in<br>A)making
Q88: Suppose Canada's economy is in a long-
Q89: Consider the basic AD/AS macro model in
Q90: Which of the following will occur as
Q91: The Phillips curve provides a theoretical link
Q92: If wages rise faster than increases in