Which of the following would cause a firm's LRAC curve to shift up?
A) An increase in the amount of "learning by doing."
B) An increase in the price of labor, all else constant.
C) An increase in the amount of output produced by the firm.
D) A decrease in the amount of capital employed by the firm.
B
Economics
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Milton Friedman and Edmund Phelps questioned
A) the use of expectations in the Phillips curve. B) the stability of the relationship between inflation and unemployment. C) the existence of a natural rate of unemployment. D) the existence of a full-employment level of output.
Economics
A physician whose job is to determine if a patient needs to be referred to a specialist is called
A. an HMO doctor. B. a primatologist. C. a primary care physician. D. an intern.
Economics