In the Short Run, Firms Increase Output

question 102

Multiple Choice

In the short run, firms increase output

• A)only by increasing the size of their plant.
• B)only by decreasing the size of their plant.
• C)only by increasing the amount of labor used.
• D)only by decreasing the amount of labor used.
• E)either by increasing the amount of labor used or by increasing the size of their plant.

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Definitions:

Schizophrenia

A chronic and severe mental disorder affecting how a person thinks, feels, and behaves, leading to psychotic symptoms such as hallucinations and delusions.

Hysteria

A historical diagnosis for a variety of psychological symptoms including overwhelming emotions and physiological disturbances, not used in modern medical terminology.

Hypnotism

A trance-like state of focused attention, reduced peripheral awareness, and increased responsiveness to suggestion.