Refer to Figure 8.4. Micro Oven's total fixed costs are
A) $0.
B) $200.
C) $500.
D) indeterminate from this information.
C) $500.
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If the Fed wants to increase the federal funds rate, it will conduct an open market operation in which it ________ government securities and thereby shifts the ________ curve ________
A) sells; RD; leftward B) sells; RS; rightward C) sells; RS; leftward D) buys; RD; rightward E) buys; RS; leftward The figure above shows the market for reserves.
In 1964, President Johnson improved the economy by passing the ______.
a. Reagan tax cuts b. Kennedy tax cuts c. American Recovery and Reinvestment Act d. Supply-Side Laffer Curve
Refer to the below table. The efficiency loss caused by the availability of health insurance paying two-thirds of the cost is:
Use the table below to answer the question. The table shows the hypothetical demand and supply schedule for health care
A. $20,000
B. $40,000
C. $60,000
D. $80,000
The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A