In the very short run
a. new firms may enter the industry.
b. existing firms may change the quantity they are supplying.
c. price and quantity supplied is absolutely fixed.
d. quantity supplied is absolutely fixed.
d
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Approximately __________ of the impact of monetary policy on GDP after one year stems from the effective of changes in wealth on consumer spending
A) 10 percent B) 25 percent C) 50 percent D) 75 percent
The sun is an example of:
a. a natural resource. b. capital. c. labor. d. none of these.
The fall of actual GDP below the level of potential GDP is a signal that the economy is in a recession
a. True b. False Indicate whether the statement is true or false
Within the range of exchange rates that permits specialization and trade to take place, the exchange rate will determine which country gains the most from trade.
Answer the following statement true (T) or false (F)