When input prices adjust slowly, the multiplier is smaller.
Answer the following statement true (T) or false (F)
False
Economics
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The price system
A) is the voluntary exchange system used in the United States. B) is old fashioned and is no longer used. C) is used only in countries that are developing. D) is used to set resource prices only.
Economics
The labor supply curve faced by an individual firm in a perfectly competitive market is
A) upward sloping. B) horizontal. C) vertical. D) downward sloping.
Economics