The full-employment rate of output can
A) be surpassed in the long run only if input prices are flexible.
B) not be surpassed in either the short run or the long run.
C) be surpassed only when firms are not yet producing at full capacity.
D) be surpassed only in the short run.
D
Economics
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Which of the following are explanations for sticky prices?
a. long-term labor contracts b. fixed exchange rates c. flexible exchange rates d. fixed money supply
Economics
On a secondary stock market, such as the New York Stock Exchange,
a. firms sell new issues of stock b. firms make initial public offerings c. previously issued bonds are sold and resold d. previously issued shares of corporations are sold and resold e. firms sell newly issued bonds
Economics