95%(22)21 out of 22 people found this document helpful
This preview shows page 2 - 4 out of 5 pages.
1 / 1 ptsQuestion 2Cassie Culver is a skirt manufacturer. The costs of her resources (materials,expenses, and labor) are fixed for 5 months until she renegotiates contractsfor those items. If before that point Cassie decides to raise her prices, shewill likely experience __________.a 1- or 2-month profit stagnation an equilibrium in her economic situation short-term profit surges if she slowly expands output assured long-term profits if she invests a lot of money Correct!Correct!1 / 1 ptsQuestion 3Most Keynesians believe that monetary policy is best used to control__________.Correct!Correct!1 / 1 ptsQuestion 4
11/3/2019Week 5 - Quiz: ECO203: Principles of Macroeconomics (BNK1940B)3/5The Great Recession occurred in __________.1929–1933