Which is a determinant of demand?
a. Production costs
b. Technology
c. Amount of economic resources
d. Number of buyers
d. Number of buyers
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________,
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
What is the marginal product of labor and what is the average product of labor
What will be an ideal response?
Typically, a capital expenditure project will result in:
a. a cash flow stream to the firm b. a cash outflow from the firm c. an initial (one-year) outflow followed by a series of cash inflows d. for long projects, an initial five-year outflow followed by a series of cash inflows
Aggregate supply:
A. has a curve explained by rising costs. B. is generally a upward-sloping curve. C. shows the relationship between the price level and the quantity of total output demanded, ceteris paribus. D. All of the above are true