If marginal cost is above the average variable cost, then average variable cost is decreasing
Indicate whether the statement is true or false
FALSE
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When the Fed eases U.S. monetary policy, domestic interest rates ________, making U.S. assets relatively less attractive to foreign investors, and ________ the equilibrium exchange rate.
A. rise; increasing B. fall; decreasing C. fall; increasing D. rise; decreasing
List some reasons why the aggregate demand curve of an economy may shift to the left
What is the most important factor that explains differences in living standards across countries?
a. the quantity of money b. the level of unemployment c. productivity d. equality
Which of the following is NOT an example of an automatic stabilizer?
A. Welfare and transfer payments B. Taxes on corporate profits C. Unemployment insurance D. The tax cuts of 1981-1983