Refer to the above graph. The level of output below which this firm will shut down is:
A. 0B.
B. 0C.
C. 0A.
D. 0K.
Answer: C
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With a large and growing deficit, the Fed may face pressure from the government to
A) decrease the inflation tax. B) decrease the quantity of money to keep the value of money high. C) keep interest rates low, but the Fed risks inflation by doing so. D) increase the velocity of circulation. E) increase the quantity of money to prevent inflation.
The value of marginal product equals ________ multiplied by ________
A) the good's market price; marginal cost B) the good's market price; marginal product C) marginal cost; marginal product D) marginal revenue; total product
When an economy is experiencing a negative output gap, it means that the:
A. actual output is less than their potential output. B. actual output is more than their potential output. C. price level is rising. D. price level is falling.
Studies show that white women earn approximately 25% less than white men. From this data alone, one should not conclude that white women are victims of discrimination. Name two other factors that could explain the difference in wages