Of the curves displayed in graph shown, what does curve C most likely represent?
A. Marginal cost
B. Average total cost
C. Average variable cost
D. Marginal revenue
C. Average variable cost
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Equilibrium real income is more stable in the face of aggregate autonomous expenditure variability under
A) a floating exchange rate. B) a pegged exchange rate. C) a fixed exchange rate. D) perfect capital mobility systems.
In an open-market sale the Federal Reserve ________ government bonds and the supply of bank reserves ________.
A. buys; increases B. sells; increases C. sells; decreases D. buys; decreases
Assume that in Narnia, planned investment is $80 billion but actual investment is $50 billion. Unplanned inventory investment is
A. -$150 billion. B. -$30 billion. C. $65 billion. D. $150 billion.
In the United States, the most commonly cited measure of the price level is the consumer price index
Indicate whether the statement is true or false