The long-run output of an economy depends on the level of unemployment, resources, technology, and institutions that determine aggregate demand and spending levels. Higher unemployment, resources, technology, and aggregate demand and spending will lead to greater long-run output.

1. he long-run output of an economy depends on:
the level of unemployment.
resources, technology, and institutions.
the level of inflation.
the level of aggregate demand.
the level of spending.
a. the level of unemployment.
b. resources, technology, and institutions.
c. the level of inflation.
d. the level of aggregate demand.
e. the level of spending.
Solution
he long-run output of an economy depends on:
the level of unemployment.
a. the level of unemployment.