The Long Run Is Defined as a Time Period During

Multiple Choice

The long run is defined as a time period during which full adjustment can be made to any change in the economic environment. Thus in the long run, all factors of production are variable. Long-run curves are sometimes called planning curves, and the long run is sometimes called the

A) foreseeable future.
B) minimum efficient time period.
C) non-adjustment period.
D) planning horizon.