Diseconomies of scale occur
A) only in the short run.
B) only in the long run.
C) because of fixed costs.
D) none of the above.
Answer: B
Economics
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"The short-run Phillips curve shifts leftward when the inflation rate rises." Is the previous statement correct or incorrect?
What will be an ideal response?
Economics
If the financial innovations such as ATM machines make money demand less elastic than it was before, then
a. the LM curve will become steeper. b. the LM curve will become flatter. c. both the IS and LM curves will become flatter. d. the LM curve will shift to the left.
Economics