Which of the following is NOT an event that causes BOTH the short-run aggregate supply (SRAS) curve and the long-run aggregate supply (LRAS) curve to shift?
A) a change in an economy's endowments of the factors of production
B) a change in an economy's labor supply
C) a temporary change in the price of a key input
D) technological changes
C
Economics
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Deterring entry might require a firm to
A) price their product closer to the competitive price than to the monopoly price. B) price their product closer to the monopoly price than to the competitive price. C) drop output almost to zero to show the consumers "who's boss." D) drop price almost to zero to get price below marginal cost.
Economics
Regulated industries that exhibit economies of scale and marginal cost pricing will lead to losses.
Answer the following statement true (T) or false (F)
Economics