If potential output exceeds actual output, ________ shifts downward over time
A) the short-run AD curve B) the long-run AD curve
C) the long-run AS curve D) the short-run AS curve
D
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A perfectly competitive firm that is producing a positive quantity of a good maximizes its economic profit if it produces so that
A) total revenue = total cost. B) marginal revenue = marginal cost. C) average revenue = average total cost. D) average total cost = average variable cost.
The cash you have in your wallet would be counted in which measure of money?
A. Hard money B. M2 C. M1 D. It would be counted in all of these
Refer to Exhibit 2-9. For Adam, the opportunity cost of producing one unit of good B is ____________ unit(s) of good A
 ANSWER 5.png)
If governments operated like businesses, meaning their goal was to maximize profits, why would they likely never give up the power to print money to any other institution?
What will be an ideal response?