Suppose the short-run supply curve is a straight line of slope +1 that intersects the origin. The long-run supply curve will be
A) horizontal.
B) steeper.
C) shallower.
D) vertical.
Answer: C
Economics
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The number of people receiving Medicare coverage is expected to ________ by the year 2025
A) reach 5 million by B) stabilize C) grow to 74 million D) decline by 10 percent
Economics
In recent years, the Fed has communicated changes in its monetary policy by announcing changes in its policy targets for the:
A. growth of the money supply. B. federal funds rate. C. prime interest rate. D. U.S. dollar-foreign currency exchange rate.
Economics