The common term for a severe recession is a
A) bottoming out. B) economic adjustment.
C) depression. D) downturn.
C
Economics
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The phrase "demand has increased" means that
A) a demand curve has shifted to the right. B) there has been a downward movement along a demand curve. C) a demand curve has shifted to the left. D) there has been an upward movement along a demand curve.
Economics
A price-searcher firm will expand output until
a. marginal revenue falls to equal the rising marginal cost. b. marginal revenue rises to equal the falling marginal cost. c. marginal revenue falls below marginal cost. d. marginal cost rises above marginal revenue.
Economics