Economists define the short run as a period of time so short that
A) the amount of output cannot be changed except under diminishing marginal returns.
B) the amount of output cannot be changed at all.
C) only one factor of production can be varied.
D) at least one factor of production cannot be varied.
D
Economics
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If producers have an expectation of higher future prices, the supply of the good that is currently available
A) will be all that is produced. B) will decrease. C) will not change. D) will increase.
Economics
The Board of Governors is made up of experts in:
A. fiscal policy. B. monetary policy. C. public policy. D. information systems
Economics