In the Long Run,an Increase in the Stock of Human

question 37

Multiple Choice

In the long run,an increase in the stock of human capital

• A)and increases in the money supply both make the price level rise.
• B)and increases in the money supply both make the price level fall.
• C)makes the price level rise,while increases in the money supply make prices fall.
• D)makes the price level fall,while increases in the money supply make prices rise.

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Definitions:

Profit-Maximizing

The process or strategy of adjusting operations, production, and sales to achieve the highest possible profit.

Combination of L and C

A concept relating to electrical engineering, where L represents inductance and C capacitance, forming a resonant circuit often used in radio frequency applications.

Least-Cost Rule

A principle in economics that production should be carried out in a way that minimizes the cost of inputs, ensuring that resources are used efficiently.

Unit Cost

The amount a company spends to create, store, and market one instance of a certain product or service.