Zero lower bound refers to the fact that
A) the government budget deficit must be zero in the long run.
B) the lowest possible level of the current account deficit is zero in the long run.
C) the inflation rate can never decline below zero.
D) nominal interest rates cannot fall below zero.
D
Economics
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The average total cost curve
a. is downward sloping at all levels of output b. is downward sloping when marginal costs are decreasing and upward sloping when marginal costs are increasing c. is upward sloping when marginal costs are decreasing and downward sloping when marginal costs are increasing d. does not vary with output
Economics
A tax on an imported good that raises its price is called a
A. tariff. B. quota. C. comparative advantage. D. comparative disadvantage.
Economics