Multiple Choice
Refer to the above diagrams, one can conclude that if expectations are always fulfilled, Fancy Auto Company:
A) will never have to adjust the optimal output and employment levels accordingly.
B) has to adjust the employment level but not the optimal output.
C) has to adjust the optimal output level but not the employment.
D) has to adjust both optimal output level and employment accordingly.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: To keep track of long-run growth and
Q11: The Flamingo Corporation issued $30 million in
Q15: According to researchers, there is a direct
Q24: One major difference between the short-run and
Q30: When consumption is less than output what
Q46: If current prices are used to calculate
Q51: In 2008-2009, the Canadian economy experienced:<br>A)a depression.<br>B)the
Q54: In the short run, the prices of
Q58: Today, the vast differences in the living
Q59: To look at the health of the