The firm can calculate all points on its total cost curve if it knows
a. its production function.
b. the prices of inputs and of output.
c. its average cost at its optimal output level.
d. the prices of inputs and its production function.
d
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The different shapes of the aggregate supply curve:
A. Determine the level of reserves held by the banking system. B. Result in the Fed's need for total control of the money supply. C. Determine the impact of monetary policy on price level and output. D. Explain why the Fed must respond to market instability.
Which of the following will lead to an increase in the demand for loanable funds in the US?
a. decrease in the real interest rate in the US b. increase in household saving c. an increase in US government borrowing d. an increase in the supply of loanable funds in other countries e. decrease in the supply of loanable funds in the US