As output increases, average fixed cost
a. remains constant.
b. decreases.
c. rises and then falls.
d. falls and then rises.
b. decreases.
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Which of the following is true of a certificate of deposit?
a. They are accounts at savings and loan associations. b. The funds in this deposit account are not given out in the form of loans. c. The funds in this account must be deposited for a specified period of time. d. The value of the deposit should be more than $100,000. e. The deposits earn very little or no interest.
Figure 18-3
In which panel of Figure 18-3 would an excise tax be borne entirely by the consumer?
A. 1 B. 2 C. 3 D. 4
When the price level decreases, which of the following also decreases?
a. consumption b. government spending c. the interest rate d. RGDP demanded
The slope of the perfectly inelastic demand curve is ________, the slope of the perfectly elastic demand curve is ________
A) undefined, zero B) one, one C) zero, undefined D) one, zero