If you owned a small farm, which of the following would be a fixed cost?
A. Harvest labor
B. Seed
C. Hail insurance
D. Fertilizer
Answer: C
Economics
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What causes the aggregate supply curve to have an upward slope in the short run, but a vertical slope in the long run?
Economics
The quantity equation implies that any decrease in the money supply has to lead directly to:
A. a decrease in P. B. an increase in Y. C. a decrease in Y. D. an increase in P.
Economics