Everything else held constant, if workers expect an increase in inflation, ________ aggregate supply ________
A) long-run; increases
B) long-run; decreases
C) short-run; decreases
D) short-run; increases
C
Economics
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Suppose that you open your own business and earn an accounting profit of $30,000 per year. When you started your business, you left a job that paid you a $25,000 salary annually
Also, suppose that you invested $70,000 of your own funds to start up your business. If the normal rate of return on capital is 5 percent, your economic profit is A) $5,000. B) -$1,500. C) $1,500. D) -$5,000.
Economics
Why has one Presidential administration enforced the antitrust laws more or less strictly than another?
What will be an ideal response?
Economics