If a firm decreases production, then its:
A. fixed costs decrease.
B. total costs stay the same.
C. variable costs decrease.
D. None of these is true.
Answer: C
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Our balance on current account was about minus $_________ billion in 2009.
A. 300 B. 420 C. 540 D. 660
Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
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