According to the Aggregate Demand Aggregate Supply diagram, policy makers face a short-term trade-off between ________ when implementing anti-inflation policies.
A. inflation and unemployment
B. inflation and expansion
C. recession and stagflation
D. long-term equilibrium and short-term equilibrium
Answer: A
Economics
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The specificfactors model is termed a "shortrun" model because:
a. labor cannot move from one activity to another. b. land resources can move from one activity to another . c. labor can move from one activity to another. d. land and capital cannot move from one activity to another .
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When a firm is experiencing diminishing marginal returns, marginal cost is
a. rising b. falling c. constant d. rising at first, then falling e. zero
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