Output is likely to respond more to sales increases in low-output periods than in high-output period

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Output is likely to respond more to sales increases in low-output periods than in high-output period

Output is likely to respond more to sales increases in low-output periods than in high-output periods, provided that firms have enough capital and labor to support the output change.
A) True
B) False

Textbook

Principles of Macroeconomics

Edition: 11^th

Authors: Case, Fair, Oster

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Jesslyn

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NYC Author

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9 years ago

I was thinking the same, thank you

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