A sudden decrease in the market demand in a competitive industry leads to
a. Losses in the short-run and average profits in the long-run
b. Above average profits in the short-run and average profits in the long-run
c. New firms being attracted to the industry
d. Demand creating supply
a
Economics
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If the real wage rate is such that the quantity of labor supplied is greater than the quantity of labor demanded
A) the economy is at full employment. B) actual real GDP will not equal potential GDP. C) job search decreases. D) labor resources are allocated efficiently.
Economics
An asset's interest rate risk ________ as the duration of the asset ________
A) increases; decreases B) decreases; decreases C) decreases; increases D) remains constant; increases
Economics