In general, it is easier to:
A. adjust final prices rather than input prices.
B. adjust input prices rather than final prices.
C. change wage rates for employees than other input prices.
D. change input prices than output level.
A. adjust final prices rather than input prices.
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In the above figure, if the interest rate is 4 percent, people
A) sell bonds so as to convert them into money. B) buy bonds so as to have a better store of value. C) petition the Fed to tighten the quantity of money. D) buy stocks, because stocks are more liquid than currency.
How much would the firm make in revenue if it chooses to sell only the high-end professional series?
a. $100 b. $110 c. $120 d. $130
Which of the following is true?
a. As the national debt increases relative to GDP, interest on the debt relative to GDP declines. b. As the national debt decreases relative to GDP, interest on the debt relative to GDP rises. c. As the national debt increases relative to GDP, interest on the debt relative to GDP rises. d. The national debt relative to GDP has been constant in recent years. e. The national debt relative to GDP has been falling in the last few years.
If a country of 300 million people has a total output of $12 trillion, its per capita output is:
A. $400,000. B. $36,000. C. $360,000. D. $40,000.