Which of the following is true in the long run?
A) Total cost equals fixed cost.
B) Total cost is constant.
C) All costs are variable.
D) Marginal cost equals zero.
E) None of the above is true in the long run.
C
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As a result of the recession in 2008, the default risk increased. How did this change affect the loanable funds market?
A) There was a movement up along the supply of loanable funds curve. B) There was a leftward shift in the supply of loanable funds curve. C) There was a movement down along the demand for loanable funds curve. D) There was a rightward shift in the supply of loanable funds curve.
Keynes believed that unstable investment caused the Great Depression. Using the simple Keynesian model, explain how a fall in investment affects equilibrium output
What will be an ideal response?