Total variable costs
A. initially decrease and then increase with output.
B. always increase with output.
C. initially increase as output increases, and then decrease.
D. always decrease with output.
Answer: B
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The main reason people hold money is that
A) money is intrinsically valuable. B) money is used to buy goods and services. C) money is power. D) money provides a standard of value.
A French tourist spent $1,200 in the U.S this year. This transaction will lead to a(n) ________
A) decrease in the GDP of U.S. B) increase in the GDP of France C) decrease in the GDP of France D) increase in the GDP of U.S.
An increase in the supply of bonds
A) raises the interest rate and increases equilibrium quantity of bonds. B) raises the interest rate and decreases equilibrium quantity of bonds. C) lowers the interest rate and decreases equilibrium quantity of bonds. D) lowers the interest rate and increases equilibrium quantity of bonds.
How can the Federal Reserve actually increase the money supply?
A) by delaying transfer of money among banks B) by purchasing more government bonds in the open market C) by doubling the reserve requirement D) by raising the discount rate