Which of the following shifts both short-run and long-run aggregate supply left?
a. a decrease in the actual price level
b. a decrease in the expected price level
c. a decrease in the capital stock
d. a decrease in the money supply
c
Economics
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Which of the following can be a barrier to entry?
i. ownership of a necessary input ii. requiring a government license iii. large diseconomies of scale A) i only B) ii only C) i and iii D) i and ii E) i, ii, and iii
Economics
If Q = K1/2L1/2 the MPL is
a. constant b. increasing c. diminishing
Economics