If marginal cost is increasing, average total cost must be increasing
Indicate whether the statement is true or false
F
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Explain the relationship between opportunity costs and money costs. Can they be treated as identical?
What will be an ideal response?
Labor unions create ________ unemployment at the higher end of the wage ladder
A) frictional B) cyclical C) structural D) under-reported
Which of the following grew rapidly during the years following the passage of the Medicare and Medicaid programs?
a. the share of healthcare expenditures financed by third parties b. the prices of healthcare relative to the prices of other goods and services c. expenditures on healthcare as a share of the economy d. all of the above
A worldwide recession reduces the amount of U.S. exports, and as a result, aggregate demand decreases. To move U.S. GDP back to potential GDP, the Fed should
What will be an ideal response?