Examlex
When the Federal Reserve seeks to contract the money supply, it may
Long-run
A period in economics sufficient for all markets to adjust to changes, including those made in physical capital or production capacities.
Average Total Cost
The total cost of producing a particular quantity of output divided by the quantity of output produced, encompassing both fixed and variable costs.
Input Prices
The cost of resources used in the production of goods and services.
Total Costs
All costs involved in manufacturing goods or providing services, incorporating both stable and changeable expenses.
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