Multiple Choice
Which of the following would generally cause firms to expand output in the short run?
A) a proportional increase in the prices of goods and services and the costs of producing them
B) higher profit margins as the result of an unexpected increase in the prices of goods and services
C) an unexpected reduction in aggregate demand
D) an increase in wages and the prices of other resources
Correct Answer:

Verified
Correct Answer:
Verified
Q182: The price of one country's currency in
Q183: Suppose the annual rate of inflation has
Q184: The money rate of interest will be
Q185: If the actual price level is lower
Q186: A positive level of net exports contributes
Q188: A decrease in the dollar price of
Q189: If resource prices are fixed and the
Q190: As the dollar appreciates, which of the
Q191: The money interest rate may be a
Q192: Resource prices that are fixed by long-term