In the long run, which of the following determines the level of output?
A)the money supply
B)the price level
C)supply-side factors
D)policies aimed at stabilizing the economy

Question

Quizplus · Accepted Answer

Supply-side factors such as technological progress, availability of resources, and the efficiency of the production process ultimately determine the level of output in the long run. The other choices may have short-term effects on output, but in the long run, supply-side factors have a more significant impact.

In the Long Run, Which of the Following Determines the Level