Why is the supply of oil more price elastic in the long run?
A) New deposits are found.
B) Better extraction technology is developed.
C) Firms have the ability to change the amount of all inputs.
D) All of the above.
D
Economics
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Assets that the IMF created to be used by countries to settle international payment obligations are called
A) capital intervention accounts. B) foreign currency reserves. C) gold reserves. D) special drawing rights.
Economics
When the consumer price index increases, the value of your money has _____. According to the quantity theory of money this is caused by an increase in the _____
Fill in the blank(s) with correct word
Economics