Question
n the long run, all resource prices are _____________ so that the resource prices reflect changes in the actual price level in the economy. a.
n the long run, all resource prices are _____________ so that the resource prices reflect changes in the actual price level in the economy.
a.
flexible
b.
at the economy's potential output level
c.
proportion to the amount of resources available
d.
fixed
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Clifford W. Smith Jr., Jerold Zimmerman
6th edition
73523143, 73523149, 978-0073523149
