In the short run, wages are assumed to be:
a. constant
b. sticky.
c. inflexible.
d. all of the above are true.
d
Economics
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Refer to Figure 12-4. If the market price is $30 and if the firm is producing output, what is the amount of its total variable cost?
A) $7,200 B) $6,480 C) $5,400 D) $3,960
Economics
In the equation of exchange, velocity of money increases when
a. Y increases without any changes in P and M. b. Y falls without any changes in P. c. M increases without any changes in P and Y. d. P falls without any changes in Y and M.
Economics