Which statement is true?
A. Going out of business is a short run option.
B. Operating or shutting down are long run options.
C. Going out of business or not going out of business are long run options.
C. Going out of business or not going out of business are long run options.
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Everything else held constant, an autonomous monetary policy easing ________ aggregate ________
A) increases; demand B) decreases; demand C) decreases; supply D) increases; supply
A trade-off between aggregate output and inflation
A) is theoretically possible, but has never been observed in practice. B) may exist in the short run, but not in the long run. C) may exist in the long run, but not in the short run. D) exists in both the short run and the long run.
Refer to the diagram. The marginal propensity to consume is:
A. .4.
B. .6.
C. .5.
D. .8.
A U-shaped long-run average cost curve implies that a firm experiences economies of scale at low levels of production and diseconomies of scale at high levels of production
Indicate whether the statement is true or false