The minimum point on the marginal cost curve corresponds to the:
a. maximum point on the total cost curve.
b. minimum point on the total cost curve.
c. inflection point on the total variable cost curve.
d. midpoint of the total cost curve.
c
Economics
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Increases in autonomous spending have an expansionary effect and make ________ levels of real income consistent with a given interest rate
A) lower B) higher C) constant D) none of the above.
Economics
The legislation that made all depository institutions regardless of Federal Reserve membership subject to the reserve requirements established by the Fed is called the:
A) Glass-Steagall Act. B) McFadden Act. C) Monetary Control Act of 1980. D) none of the above
Economics