The MC curve intersects the AVC and ATC curves at their minimum points
A. none of the time.
B. some of the time.
C. most of the time.
D. all of the time.
D. all of the time.
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The relationship between the nominal interest rate, the real interest rate, and the inflation rate is that the
A) real interest rate is equal to the nominal interest rate plus the inflation rate. B) nominal interest rate is equal to the real interest rate plus the inflation rate. C) real interest rate is equal to the nominal interest rate multiplied by the inflation rate. D) nominal interest rate is equal to the real interest rate minus the inflation rate. E) nominal interest rate is equal to the real interest rate divided by the inflation rate.
Measures of the Solow residual show it to be
A) strongly procyclical. B) mildly procyclical. C) mildly countercyclical. D) strongly countercyclical.
With increases in inflation demand for money that does not earn a return decreases. Carrying less cash in our pockets means higher ________
A) shoe-leather costs B) menu costs C) capital gain tax bills D) all of the above E) none of the above
At a supermarket, the price of organic milk increases by 20 percent. According to the law of demand, the sale of organic milk would most likely ______.
a. decrease by 10 percent b. increase by 15 percent c. fluctuate between a 5 percent increase and a 5 percent decrease d. stay approximately the same