Fixed cost will decrease with increases in output
Indicate whether the statement is true or false
F
Economics
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According to the Phillips curve, unemployment and inflation are negatively related in
a. the short run and in the long run. b. the short run, but not in the long run. c. the long run, but not in the short run. d. neither the long run nor the short run.
Economics
Because central banks intervene in currency markets, the term ____ has been used to describe the system.
A. planned float B. controlled float C. flexible D. dirty float
Economics