If Tanisha can audit more tax returns in one hour than Libby, then Tanisha has an absolute advantage in auditing tax returns

According to the real-business-cycle perspective

A) the economy cannot be stabilized by policy activism. B) the Phillips curve is very important. C) passive policy making is important. D) active policy making is important.

Which of the following is a factor of production that generally is fixed in the short run?

A) a factory building B) water C) raw materials D) labor