The time period during at least one input cannot be changed is the
A. long run.
B. production time.
C. calendar year.
D. short run.
Answer: D
Economics
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The Sherman Antitrust Act makes cartels illegal in the United States
a. True b. False Indicate whether the statement is true or false
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Inflation is defined as an increase in:
a. all consumer products. b. real GDP. c. the average price level. d. real wages of workers.
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consumer surplus
What will be an ideal response?
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The long run significance of investment is due to
a) its volatility b) the importance of capital to economic growth c) the effect of income on investment d) the procyclical nature of investment e) its ability to crowd-out government expenditures
Economics