A short-run decision for a muffin shop would be to lay off some workers

Indicate whether the statement is true or false


T

Economics

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Which of the following can cause inflation?

A) increases in short-run aggregate supply B) increases in long-run aggregate supply C) decreases in short-run aggregate supply D) decreases in aggregate demand

Economics

Typically, a country's population is divided into how many income groups to find a Lorenz Curve?

a. 1 or 2. b. 5 or 10. c. 10 or 20. d. 25 or 50. e. 100.

Economics

Unlike firms in perfect competition, monopolists have control over

a. the costs of production b. what technology to use c. what price to charge d. how much to produce e. the choice of plant size

Economics

Economies of scale tend to create natural monopolies.

Answer the following statement true (T) or false (F)

Economics