Once decision makers fully adjust to an increase in prices,
a. the natural rate of unemployment will decline.
b. competitive forces will restore the usual relationship between product prices and costs.
c. producers' profits will exceed their normal level.
d. producers will expand output beyond the economy's potential.
B
Economics
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The inefficiency for collective consumption goods stems from the fact that _____
a. the total cost of the good is too high b. the marginal cost of the good is zero c. the total cost of the good is zero d. the good cannot be priced because it is too easy to steal
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