Downsizing can be represented by
a. moving to a point on the left along the LRATC curve
b. moving to a different short-run ATC curve on the right
c. remaining on the same short-run ATC curve
d. a downward shift in the LRATC curve
e. an upward shift in the LRATC curve
A
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In an open economy (as compared to a closed one, without international trade)
A. monetary policy is weaker, fiscal policy is more powerful B. fiscal policy is weaker, monetary policy is more powerful C. both monetary and fiscal policy are more powerful D. both monetary and fiscal policy are weaker
The market demand is the:
A. horizontal sum of all individual demand curves in a market. B. horizontal sum of all individual prices in a market. C. sum of all individual demand curves and supplies in a market. D. vertical sum of all individual demand curves.