In the long run, a year-long drought that destroys most of the summer's wheat crops causes permanently:

A. higher prices.
B. lower prices.
C. lower output.
D. None of these is true.

Answer: D

Economics

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Aggregate demand is the total demand for intermediate goods and services in an entire economy

Indicate whether the statement is true or false

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In long?run equilibrium for a monopolistically competitive firm, the firm's demand curve is ________ its average total cost curve.

A. above B. below C. just tangent to D. either above or below

Economics