Use the following data to answer the next question.OutputATC-AATC-BATC-C10$6$13$442059353046274054205073146010411701458801976902510510032167The letters A, B, and C designate three successively larger plant sizes. In the long run, the firm should use plant size "A" for the production of
A. all possible levels of output.
B. all levels of output greater than or equal to 40.
C. 10 to 30 units of output.
D. 30 to 60 units of output.
Answer: C
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Suppose the supply of non-OPEC oil increases due to new petroleum discoveries in other countries. What happens OPEC's share of the world oil market?
A) Increases B) Decreases C) Remains the same D) We do not have enough information to answer this question.
As the reserve ratio increases, the money multiplier
A. increases. B. decreases. C. does not change. D. None of the above is correct..
Mortgage loans made to borrowers with a more limited ability to repay are known as
a. subprime mortgages. b. credit default swaps. c. leveraged securities. d. mortgage backed securities.
If the desired fiscal stimulus is $20 billion and the desired AD increase is $50 billion, we can conclude that
A. There is an inflationary gap. B. The MPC is 0.60. C. The multiplier is 2.0. D. The MPS is 0.60.