When accounting profits are positive, economic profits could be:
A. positive.
B. negative.
C. zero.
D. All of these are possible.
D. All of these are possible.
Economics
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The AS curve shows the total quantity of goods and services firms produce at any given price level.
a. true b. false
Economics
According to the Keynesian model, real wages should
A) remain constant. B) fall during recessions. C) rise during recessions. D) stay the same during recessions but rise during expansions.
Economics