Business cycles are generally considered in:
A. the long-run framework.
B. both the short-run and long-run frameworks.
C. the short-run framework.
D. neither the short-run nor the long-run frameworks.
Answer: C
Economics
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If a firm with a 20 percent market share merges with a firm with 5 percent of the market, by how much will the Herfindahl index change? The other firms have 40 percent, 15 percent, 10 percent, and 10 percent shares
a. It rises by 100. b. It rises by 200. c. It falls by 100. d. It falls by 200. e. It rises by 25.
Economics
If a country's budget deficit rises, then its exchange rate
a. rises, so its imports rise. b. rises, so its imports fall. c. falls, so its imports rise. d. falls so its imports fall.
Economics