A subway token does not fulfill the three functions of money

Indicate whether the statement is true or false


FALSE

Economics

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Refer to the table above. What is the average variable cost of producing 86 units of the good?

A) $30 B) $0.35 C) $2.1 D) $10

Economics

The Phillips Curve shows the trade-off between

a. unemployment and output b. inflation and output c. rates of unemployment and inflation d. imports and exports e. unemployment and inflation

Economics

The long-run aggregate supply curve is vertical, and the short-run aggregate supply curve is upward sloping

a. True b. False Indicate whether the statement is true or false

Economics

If the economy has an inflationary GDP gap, one possible solution is to increase taxes.

Answer the following statement true (T) or false (F)

Economics