Two variables are said to be ________ if they move together
A) procyclical
B) spurious
C) correlated
D) co-dependent
C
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The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
What is fiat money? Why is fiat money important in the United States today?
When economies of scale are large, firms can reduce their average total cost by:
A. eliminating the bureaucratic costs. B. merging into even larger firms. C. hiring professional managers. D. selling off their subsidiaries.
Refer to Scenario 9.1 below to answer the question(s) that follow. SCENARIO 9.1: Amy borrowed $20,000 from her parents to open a bagel shop. She pays her parents a 5% yearly return on the money they lent her. Her other yearly fixed costs equal $9,000. Her variable costs equal $30,000. In her first year, Amy sold 40,000 dozen at a price of $1.50 per dozen. Refer to Scenario 9.1. Amy's profit is
A. $0. B. $20,000. C. $30,000. D. $50,000.