Short-run AS Flashcards by oskar rejent

Q

Costs of production

A

Factor prices, including rent, wages and interest.

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Exchange rate

A

Exchange rates are the price of one country’s’ currency in relation to another.

How well did you know this?

1

Not at all

2

3

4

5

Perfectly