Suppose a sushi restaurant is making significant economic profit in the short run. In the long run
A) more people will open sushi restaurants, reducing the economic profit for each restaurant.
B) high barriers to entry keep people from opening sushi restaurants.
C) the government will require the sushi restaurant to sell part of its interests in the city.
D) more people will open steak restaurants, increasing the economic profit for the sushi restaurant.
Answer: A
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A) Greenspan B) Bernanke C) Geithner D) Trichet
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a. True b. False Indicate whether the statement is true or false
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a. True b. False Indicate whether the statement is true or false
Use the following diagram to answer the next question.
The phases of the business cycle from points A to D are, respectively
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