The law of decreasing returns applies to
A) the long-run average cost curve.
B) average total cost.
C) diseconomies of scale.
D) changes in a variable input with a given quantity of fixed inputs.
E) changes in a fixed input with a given quantity of variable inputs.
D
Economics
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The two broad themes that have driven this text are that ___________ are both evolving.
Fill in the blank(s) with the appropriate word(s).
Economics
Assuming short-run sticky prices, the same monetary policy result may be achieved by targeting the money supply or the nominal rate of interest whenever:
a. the demand for money is stable. b. interest income is not taxable. c. changes in the supply of money are small and predictable. d. real income is constant.
Economics