In the long run, more costs become fixed

Answer the following statement true (T) or false (F)


False

Economics

You might also like to view...

The Phillips curve will shift down with ________ or ________

A) a positive supply shock; an increase in expected inflation B) a positive supply shock; a decrease in expected inflation C) a negative supply shock; an increase in expected inflation D) a negative supply shock; a decrease in expected inflation

Economics

When an economy experiences deflation, consumption will:

A. decrease, because people will want to wait for prices to drop before spending. B. increase, because people will want to wait for prices to drop before spending. C. decrease, because people will lose value in their savings. D. increase, because people will lose value in their savings.

Economics

In an economy with persistent inflation

What will be an ideal response?

Economics

Other things held constant, an increase in consumption spending implies

Economics