Variable factors of production are the inputs that a manager:
A. may adjust in order to alter sales.
B. cannot adjust in the short run.
C. cannot adjust in the long run.
D. may adjust in order to alter production.
Answer: D
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According to rational expectations
A) expectations of inflation are viewed as being an average of past inflation rates. B) expectations of inflation are viewed as being an average of expected future inflation rates. C) expectations formation indicates that changes in expectations occur slowly over time as past data change. D) expectations will not differ from optimal forecasts using all available information.
Refer to the above figure. Suppose that the supply curve shifts from SA to SB while the demand curve shifts from DA to DB. Which of the following is TRUE about the results of the shifts in the supply and demand curves?
A) The equilibrium price increases while the equilibrium quantity remains unchanged. B) Both the equilibrium price and equilibrium quantity increase. C) The equilibrium price remains unchanged while the equilibrium quantity increases. D) Both the equilibrium price and equilibrium quantity remain unchanged.
Total expenditure equals price times elasticity
a. True b. False Indicate whether the statement is true or false
They gave a lot of these mortgage backed-securities AAA rating
What will be an ideal response?