Which word or phrase best completes the following sentence? Marginal analysis means evaluating ________ changes from a current situation
a. positive or negative
b. infinite
c. maximum
d. no
a
Economics
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Both the new classical and new Keynesian models had in common the belief that
A) in the medium run, output returns to its natural level. B) output is always at its natural level. C) in the short run, output would likely deviate from its natural level. D) none of the above
Economics
In long-run equilibrium, a perfectly competitive firms produces at the output level at which: a. total revenue is maximized
b. long-run marginal cost is minimized. c. average total cost is minimized. d. short-run variable cost is minimized.
Economics