When there is dissaving, APC is __________________.
Fill in the blank(s) with the appropriate word(s).
more than one
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Compared to the US, the unemployment rate in Europe was ________ throughout the 1960s and 1970s and ________ after 1980
A) higher; lower B) lower; higher C) lower; remained lower D) higher, remained higher
If velocity is constant and equal to 5, a $20 billion shift of the LM curve to the right will be produced by a __________ in the money supply
A) $100 billion increase B) $100 billion decrease C) $4 billion increase D) $4 billion decrease
Refer to Figure 21.5. Diseconomies of scale begin to occur
A. After the third factory. B. After the first factory. C. After the fourth factory. D. At the minimum points on all five ATC curves.
Refer to the information provided in Table 3.1 below to answer the question(s) that follow. Table 3.1Price per PizzaQuantity Demanded (Pizzas per Month)Quantity Supplied (Pizzas per Month)$31,200 600 61,000 700 9 800 80012 600 90015 4001,000Refer to Table 3.1. In this market there will be an excess demand of 600 pizzas at a price of
A. $3. B. $6. C. $12. D. $15.