Examlex
The ____________________ logical operator is used to reverse the meaning of a search condition.
Long-Run Supply Curve
As it applies to macroeconomics, a supply curve for which price, but not real output, changes when the demand curves shifts; a vertical supply curve that implies fully flexible prices.
Downsloping
Typically describes a graph line that shows a decrease in a variable as another variable increases, often used in economics to illustrate concepts like demand curves.
Profit-Maximizing
The technique a firm uses to ascertain the optimal pricing and production levels for achieving maximum profit.
Short Run
A period in which at least one input (like plant and equipment) is fixed and cannot be changed by a business.
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