ATC equals
A. AVC - AFC.
B. MC + AFC.
C. FC/Q.
D. (TFC + TVC)/Q.
Answer: D
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A) VMP. B) MP. C) MC. D) W/MP.
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A) reduce; screen B) increase; screen C) reduce; increase D) increase; increase
The hypothesis that changes in the money supply lead to an equiproportional change in the price level is called
A) the quantity theory of money. B) the classical theory of money. C) the Keynesian theory of money. D) the fractional theory of money.