The short run is a period of time in which
A) the quantity of at least one factor of production is fixed.
B) the amount of output is fixed.
C) prices and wages are fixed.
D) nothing the firm does can be altered.
A
Economics
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The increase in world oil prices in 1990 initially
a. caused the AS curve to shift upward as wage rates quickly adjusted b. increased the level of GDP associated with high price levels c. shifted the aggregate expenditure line upward d. caused the AS curve to shift upward due to higher costs per unit of output e. caused the AD curve to shift leftward due to an increasing interest rate
Economics
What was the lowest federal funds rate target the Fed set in response to the financial crisis?
a. 0% b. 1.8% c. 2.0% d. 2.2%
Economics