Downward sloping long-run supply curves occur in markets
A) with learning-by-doing.
B) with increasing returns to scale.
C) with constant returns to scale.
D) Either A or B
D
Economics
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The main reason that the deficit grows in a recession is that
a. the government reacts quickly and adjusts taxes to compensate. b. monetary policy that targets interest rates causes the costs of borrowing to fall. c. the deficit causes the recession, and reducing the deficit cures the recession. d. many forms of taxes act as automatic stabilizers.
Economics
A U.S. commercial bank can lend 100% of its __________ reserves
Fill in the blank(s) with the appropriate word(s).
Economics