Which of the following factors of production is not variable in the long run?

Define the terms of trade

What will be an ideal response?

Prolonged periods of monetary contraction, as was the case during the Great Depression, will likely result in

a. an increase in real output and employment. b. an increase in loanable funds and upward pressure on the rate of inflation. c. a decrease in output and downward pressure on prices. d. a decrease in unemployment and upward pressure on prices.