When a business finds its obligations are ended,
a. all costs are variable costs
b. this is the short run
c. the market price of the output rises
d. the marginal cost curve shifts up
e. it may have to continue operations to minimize losses
A
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Gross domestic product is the
a. amount of final goods and services produced in an economy in a given year b. value of all goods and services, measured in current market prices, produced in the economy in a year c. value of final goods and services, measured in current market prices, produced in the economy in a year d. amount of all goods and services produced in an economy in a given year e. value of final goods and services produced in current market prices produced in an economy
The consumer price index is used to
a. monitor changes in the level of wholesale prices in the economy. b. monitor changes in the cost of living over time. c. monitor changes in the level of real GDP over time. d. monitor changes in the stock market.