The length of the short run
a. is different for different types of firms.
b.can never exceed 3 years.
c. can never exceed 1 year.
d. is always less than 6 months.
Answer: A
Microeconomics
- An increase in the price level may be caused
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- Suppose that wages increase sharply this year. Other things being equal a wide-spread increase in wages will have which of the following consequences for the U.S. economy?
- An unanticipated increase in inflation this year will
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- In 1998, the U.S. economy was at full employment which means that
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- Which of the following statements about the federal budget deficit is true?
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- Suppose the equilibrium GDP is greater than potential real GDP. Which of the following is likely?
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