The policies of the U.S. Federal Reserve probably helped to cause ________
A) the long contraction of the 1870s
B) the severe recession of the 1890s
C) the recession in 1918-1919
D) all of the above
E) none of the above
C
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The supply curve of a perfectly competitive firm in the short run is
A) the portion of the firm's marginal cost curve above the minimum point of the average total cost curve. B) the firm's average variable cost curve. C) the portion of the firm's marginal cost curve above the minimum point of the average variable cost curve. D) the portion of the firm's marginal cost curve below the minimum point of the average variable cost curve.
According to PPP, the real exchange rate between two countries will always equal
A) 0.0. B) 0.5. C) 1.0. D) 1.5.
If the economy is suffering a recession, inventories are probably falling
a. True b. False Indicate whether the statement is true or false
Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow. 
Figure 8.5 Refer to Figure 8.5. If six drones are produced, average variable costs are
A. $2.50. B. $5. C. $10. D. $13.33.