In the short run, ATC is not always higher than

Which classical economist observed that, when the money supply expanded after gold discoveries, it took some time for prices to rise, and in the meantime, the economy enjoyed higher employment and production?

a) David Hume b) Joan Robinson c) Adam Smith d) David Ricardo

Which one of the following would cause an increase in the demand for hotel rooms in Hawaii?

A) an increase in airfares to Hawaii B) a decrease in airfares to Hawaii C) an upward movement along the demand curve for stays in Hawaiian hotel rooms D) a downward movement along the demand curve for stays in Hawaiian hotel rooms