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Business, 20.11.2019 22:31 joyelewis58

Nation furniture is a furniture manufacturing facility. its workers just signed a two-year contract. the price level in the economy has increased. answer the following set of questions based on the short run. a. if the price level increases, input prices will: increase. remain constant. decrease. b. if the price level increases, output prices will: decrease. remain constant. increase. c. in the short run, the firm will experience a(n): increase in economic profits. decrease in economic profits. increase in economic losses.

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