An Important Distinction Between the Long-Run and Complete Models Is

Multiple Choice

An important distinction between the long-run and complete models is that

A) prices are assumed to respond quickly to market conditions.
B) output is assumed to respond quickly to market conditions.
C) output is assumed to be relatively fixed due to productive capabilities.
D) prices are assumed to be predetermined based on previous economic outcomes.
E) both prices and output are assumed to respond rapidly to market conditions.