Solved

In the Long Run,which of the Following Is True

Question 41

Multiple Choice

In the long run,which of the following is true?


A) Cost effects offset price effects.
B) Profit effects are larger than cost effects.
C) Cost effects are larger than profit effects.
D) None of the choices are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q36: A growth recession is said to occur

Q37: Assume you have $5,000 in a savings

Q38: Assume you have $2,000 in a savings

Q39: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Choose the letter

Q40: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5720/.jpg" alt=" Given AD<sub>1</sub> and

Q42: The determinants of macro outcomes include all

Q43: Based on the classical view,<br>A)Unemployment never occurs.<br>B)Cyclical

Q44: The laissez faire view of government involvement

Q45: The cost effect implies that<br>A)Higher costs are

Q46: According to Keynes,unemployment results from<br>A)Increased business investment