Because the law of diminishing returns assumes fixed inputs
"Because the law of diminishing returns assumes fixed inputs, this principle is a short-run, rather than a long-run concept". Explain.
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m1 money growth in the us was about 16 in 2008 7 in 2009 and 9 in 2010 over the same time period the yield on 3-month
because the law of diminishing returns assumes fixed inputs this principle is a short-run rather than a long-run
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