Based on the cost data in the above table, the long-run average cost (LRAC) is lowest when output is

Looking at the financial account data, it is possible to determine the total amount of official reserves available to a nation

Indicate whether the statement is true or false

The most direct effect of an increase in the growth rate of average labor productivity would be an increase in

A) the inflation rate. B) the unemployment rate. C) the long-run economic growth rate. D) imported goods.