The main reason that firms adjust their output when the price level changes is that
a. uncertainty causes a drop in output.
b. taxes cause a supply-side reaction.
c. their profit margins change.
d. increased risks lead to a change in output.
e. All of the above are correct.
c
Economics
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A) an unnecessary, the reserve-holding ratio B) an unnecessary, high-powered money C) a necessary, the reserve-holding ratio D) a necessary, high-powered money
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Auto insurance rates are lower for young women relative to young men. An unusually reckless young woman driver benefits from this
A) statistical discrimination. B) signal. C) screening. D) majority voting.
Economics