In the short run, the price level is assumed to be:
A. Fixed, along with input prices
B. Flexible, but input prices are not
C. Flexible, along with input prices
D. Fixed, but input prices are flexible
B. Flexible, but input prices are not
You might also like to view...
In the long run, the exchange rate between two currencies is
A) fixed. B) influenced by purchasing power parity. C) undefined. D) constant. E) determined so that the current account balance equals zero.
The $14.3 billion U.S. craft beer market is being subsidized at local, state, and even federal government levels, and the taxpayers pay for these subsidies. Economists know that these subsidies make Americans poorer on the whole
Why is it so difficult for U.S. taxpayers to end these subsidies for the craft beer market, a market which has been described as "booming" and "highly successful"?