Fixed costs stay the same no matter how much ______; variable costs vary with ________.
Fill in the blank(s) with the appropriate word(s).
output varies; output
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
Explain what inflation targeting is. What are the advantages and disadvantages of this type of monetary policy strategy?
What will be an ideal response?
Inventions like gunpowder and the wheelbarrow were created by the Chinese hundreds of years ago. The fact that such items were not put to productive use was caused primarily by a lack of ____
a. financial capital b. entrepreneurship c. an adequate price system d. marginal analysis
A firm will produce at the point where their total cost line hits the ___________ isoquant curve.
Fill in the blank(s) with the appropriate word(s).