In the Short Run,it Is Impossible for an Expansion of Output

question 124

Multiple Choice

In the short run,it is impossible for an expansion of output to cause an increase in:

• A) ATC.
• B) AVC.
• C) AFC.
• D) MC.

---

Definitions:

Term Deposit

A fixed-term investment held at a financial institution that pays interest at a specified rate and matures on a predetermined date.

Matures

The point in time when a financial instrument, such as a bond, CD, or loan, reaches its final due date and the principal is to be repaid.

Paying

The act of disbursing or settling a financial obligation.

Term Deposit

A type of bank deposit that is held at a financial institution for a fixed term or period of time, often yielding higher interest rates.