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Which of the Following Characteristics Define the Long Run in Macroeconomics

Question 87

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.

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