The real interest rate can be negative
a. True
b. False
Indicate whether the statement is true or false
True
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If prices in the economy rise, then
A) the purchasing power of a dollar stays constant. B) the purchasing power of a dollar rises. C) the purchasing power of a dollar declines. D) the purchasing power of a dollar cannot be determined.
When aggregate expenditure=GDP,
What will be an ideal response?
Citizens can consume more of everything in a(n)
A. open economy. B. economy with many citizens. C. autarky. D. closed economy.
Refer to the information. The average fixed cost of 3 units of output is:
The Sunshine Corporation finds that its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the accompanying table. Use this information to answer the following question.
A. $13.33.
B. $12.50.
C. $40.
D. $18.50.