If a firm shuts down, its
a. fixed costs remain unchanged.
b. revenue will fall to zero.
c. short-run variable costs will fall to zero.
d. All of the above are correct.
d
Economics
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Government transfer payments act as automatic stabilizers because as labor income decreases, transfer payments
a. decrease as well. b. remain constant. c. increase. d. to the government increase.
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Which would increase investment demand?
a. An increase in business optimism b. A rise in the real interest rate c. An increase in production costs d. An increase in business taxes
Economics