Capital Cannot Be Adjusted in the Short Run Because

question 24

Multiple Choice

Capital cannot be adjusted in the short run because:

• A) there is not sufficient time to adjust it.
• B) it is too expensive to alter the capital stock.
• C) capital markets do not function well enough in the short run.
• D) the firm has yet to decide what product to produce, so it does not yet know what kind of capital it needs.

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