Suppose consumers spend more than usual. in the short run, prices will ; in the long run, prices will from their starting point. increase; remain unchanged increase; increase remain unchanged; decrease remain unchanged; increase

What sources about ecuador should you consult to obtain cultural information about this country that will need to be included in your cultural map?

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak