Which of the following is included in physical capital?

a. Roads and bridges
b. A university graduate in physics
c. An astrophysicist
d. A high school diploma or college degree
e. A successful entrepreneur

a

Economics

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The upward slope of the MP curve indicates that

A) the central bank lowers real interest rates when inflation rises. B) the central bank raises real interest rates when inflation falls. C) the central bank raises nominal interest rates when inflation rises. D) the central bank raises real interest rates when inflation rises.

Economics

Setting P = ATC allows us to calculate total profit or loss

Indicate whether the statement is true or false

Economics