Author Question: In the long run, total fixed cost: a. falls. b. rises. c. is constant. d. does not ... (Read 63 times)

sc00by25 · **on:** Jun 30, 2018

In the long run, total fixed cost:
a. falls.
b. rises.
c. is constant.
d. does not exist.

Question 2

Which of the following is true of a recession?
a. It is typically accompanied by inflation and investment growth.
b. It lasts for more than two years on an average.
c. It is typically longer than periods of expansion.
d. It begins after an expansion has peaked.
e. It continues as long as actual output exceeds the potential output.