The planning curve is the
A. short-run marginal cost curve.
B. production function.
C. long-run average cost curve.
D. short-run average cost curve.
Answer: C
Economics
You might also like to view...
Open market purchase of government securities results in:
A) an increase in bank reserves. B) a decrease in bank reserves. C) an increase in interest rates. D) none of the above.
Economics
In the aggregate demand-aggregate supply model, if entrepreneurs become convinced that future profitability of capital has increased,
A) current output will fall, but the price level will rise. B) current output will rise, but the price level will fall. C) current output and the price level will both rise. D) current output and the price level will both fall.
Economics