In general, as the amount of labor input decreases, the amount of output
a. increases.
b. decreases.
c. remains constant.
d. decreases only if the capital stock also decreases.
b
Economics
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A monopoly has
a. A perfectly elastic demand curve b. A perfectly elastic supply curve c. An inelastic demand curve d. A less elastic demand curve than a competitive firm
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Keynes believed that the best method for tackling recessions was to reduce government spending and raise taxes, thereby reducing the federal budget deficit
a. True b. False Indicate whether the statement is true or false
Economics