Which of the following would be a fixed input to an automobile firm?
A) steel
B) a plant in California
C) car batteries
D) engineers
Answer: B
Economics
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The total of all planned expenditures in the entire economy is
A) aggregate supply. B) LRAS. C) aggregate demand. D) the open economy effect.
Economics
Which of the following explains why the aggregate demand curve is downward sloping?
A) the open economy effect B) the real-balance effect C) the interest rate effect D) all of the above
Economics