The average variable cost curve intersects the marginal cost curve from below
a. True
b. False
Indicate whether the statement is true or false
False
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Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
Which of the following costs will not change as output changes?
A) total variable cost B) total fixed cost C) average variable cost D) average fixed cost E) marginal cost
Which theory would support the idea that education does not enhance productivity and therefore raising all workers' educational levels would not affect wages?
a. signaling theory b. human-capital theory c. physical-capital theory d. the efficient-market hypothesis
Which is the final stage of Maslow's Hierarchy of Needs?
a. self-actualization b. esteem needs c. belonging and love d. safety