The short-run refers to a period
a. of a few days.
b. when prices and wages cannot fully adjust.
c. of a few years.
d. during which trend cannot change.
e. of analysis used in the classical model
B
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If property taxes were increased in a city, what would be the most likely effect on residential rents after two or three months? They would probably
A) fall. B) rise in proportion to taxes. C) rise more than in proportion to taxes. D) stay roughly unchanged.
Which of the following statements in the context of poverty in the U.S. is true?
a. Families headed by males are likely to be poor. b. Caucasian Americans carry a much heavier burden of poverty compared to the native Americans. c. Education and technical skills do not affect employment in the United States of America. d. Females tend to have a greater literacy rate than males in the United States of America. e. Minorities, young and disabled have a higher likelihood to fall into poverty