Maintaining the growth of the money supply at a constant rate is an example of
A) an inflation targeting rule.
B) a nominal GDP targeting rule.
C) discretionary policy.
D) a money demand rule.
E) a money targeting rule.
E
Economics
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A company finds that at the output level at which marginal cost equals marginal revenue, TC = $500, TVC = $400, and TR = $450. Your advice to the firm is
A) shut down, as TC > TR. B) reduce output to reduce the cost of production. C) increase output to reduce the per unit cost of production. D) continue to produce because loss is less than TFC.
Economics
The purely competitive firm's supply curve:
A. is upward sloping when some inputs are fixed. B. is perfectly inelastic in the short run. C. is horizontal in the long run. D. becomes less elastic in the long run.
Economics