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. Micro Oven's average fixed costs of producing 10 units of output are
A. $30.
B. $40.
C. $50.
D. indeterminate from this information.
Answer: A
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When nominal interest rates are held below inflation rates, then households will have an incentive to
A. consume. B. save. C. purchase financial assets. D. postpone current consumption plans.
Neoclassical growth theory predicts that
A) population growth rates slow as employment opportunities for women increase. B) population explosions decrease real GDP per person. C) economic growth leads to technological change. D) the pursuit of profit creates perpetual growth.
If Kevin's children run a lemonade stand for a day and sell 200 glasses of lemonade at $0.50 each, their total revenues are
a. $100. b. $199.50. c. $200. d. $400.
Does the Fed have good control over the money supply?
A. Yes, open-market operations generate exact changes in bank lending. B. Yes, reserve requirements create new loans. C. No, because of difficulties estimating the reserve ratio. D. No, because of difficulties estimating the size of the excess reserves and cash holdings by the public.