Multiple Choice
In macroeconomics,the long run is determined by:
A) how long it takes for prices to adjust through the whole economy.
B) how long it takes for firms to vary all input quantities.
C) the longest contract length of a business.
D) None of these is true.
Correct Answer:
Verified
Correct Answer:
Verified
Q62: The aggregate supply curve shows the relationship
Q63: There is a general overall _ relationship
Q64: Fluctuations around the long-run aggregate supply curve:<br>A)are
Q65: The wealth effect:<br>A)explains the downward-sloping aggregate demand
Q66: A rise in the overall price level
Q69: Short-run decisions refer to the:<br>A)hourly,daily,or weekly decisions
Q70: In general,it is easier to:<br>A)adjust final prices
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