In the long run,what determines the level of output?
A) the money supply
B) the price level
C) supply of capital and labour
D) policies aimed at stabilizing the economy

Question

Quizplus · Accepted Answer

The level of output is primarily determined by the supply of capital and labor in the economy. This can be influenced by factors such as technology, education and training, government policies, and investment. While the money supply, price level, and stabilization policies may have some impact on output in the short run, they are not the main determinants in the long run.

In the Long Run,what Determines the Level of Output