Economic profit is equal to the difference between:
A) total revenue and the full opportunity cost of all the resources used in production.
B) total revenue and implicit costs.
C) accounting profit and explicit costs.
D) implicit and explicit costs.
A
Economics
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Refer to Figure 17-2. Suppose the Fed used contractionary policy to push short-run equilibrium to point C. If the short-run equilibrium remained at point C long enough,
A) the economy would move back to point A. B) the economy would stay at point C in the long run. C) the short-run Phillips curve would shift down. D) the short-run Phillips curve would shift up.
Economics
The coupon rate of a bond is equal to
A) the interest rate. B) the coupon payment. C) the interest payment. D) the face value.
Economics