Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. If two microwave ovens are produced, average variable costs are
A. $75.
B. $150.
C. $225.
D. indeterminate from this information.
Answer: A
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"The long-run Phillips curve is vertical at the expected rate of inflation." Is the previous statement correct or incorrect?
What will be an ideal response?
Betty goes out to enjoy a bouffe with her friend instead of practicing calculus problems for her maths examination that is due the following day. This implies that the opportunity cost of the bouffe to Betty is zero
a. True b. False Indicate whether the statement is true or false
GDP per capita is a relatively good measurement of:
A. the distribution of income. B. purchasing power. C. household production. D. the standard of living.
Monetarists reject using discretionary monetary policy as an effective stabilization tool because they believe:
A. if the money supply grows at a rate equal to the economy's long-run rate of economic growth, then the economy will be unstable. B. that changes in the money stock do not affect output or prices. C. the Fed will miss its money supply targets and make the economy worse. D. monetary policy can stimulate aggregate demand, but it cannot affect inflation.