If Congress increases taxes to balance the federal budget, then to prevent additional unemployment and a recession the Fed can
a. reduce interest rates by increasing the money supply.
b. increase interest rates by decreasing the money supply.
c. increase interest rates by increasing the money supply.
d. reduce interest rates by decreasing the money supply.
a
Economics
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If both the marginal cost and the average variable cost curves are U-shaped. At the minimum point on the average variable cost curve, the marginal cost must be:
a. greater than the average variable cost. b. less than the average variable cost. c. equal to the average variable cost. d. at its minimum.
Economics
As long as marginal product of labor exceeds the average product of labor, then average product of labor
A) must fall. B) must rise. C) will stay unchanged. D) will be at its maximum value.
Economics