If the long-run supply curve is horizontal, we know that this is
A) a decreasing-cost industry.
B) a constant-cost industry.
C) an increasing-cost industry.
D) a situation in which some input prices change as firms enter and exit the industry.
B
Economics
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Saving is a leakage in the sense that
a. saving is lost to the economy and ultimately leads to stagnation. b. the financial system often makes negative profits. c. it often accompanies a trade deficit. d. consumers spend less than their total income.
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The burden of the debt does not depend on whether debt finance crowds out private investment.
A. True B. False C. Uncertain
Economics