In the short run, if a firm shuts down its maximum loss equals ...

[kodithompson]

In the short run, if a firm shuts down its maximum loss equals the amount of its fixed cost.
 
  Indicate whether the statement is true or false

Question 2

In the modern U.S. economy, the typical unemployed person stays unemployed for
 
  A) an amount of time that is hard to quantify.
  B) a long time during expansions and a short time during recessions.
  C) a relatively long time, over a year.
  D) a relatively short time, less than six months.

[aruss1303]

Answer to Question 1

TRUE

Answer to Question 2

D