The long-run supply curve for a constant-cost perfectly competitive industry is
a. a ray from the origin at a 45-degree angle
b. perfectly inelastic
c. somewhat inelastic
d. perfectly elastic
e. declining
D
Economics
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Which of the following would NOT be investment?
A. a baking company buying a new oven B. a car dealership adding to the number of cars it has to sell to its customers C. a just-completed home is sold to a household D. a household buing stock in a company
Economics
Savings deposits are included in
a. M1 but not M2. b. M2 but not M1. c. M1 and M2. d. neither M1 nor M2.
Economics