Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:

If an airport decides to expand by building an additional passenger terminal, and in doing so it lowers its average cost per airplane landing, it was previously operating at

A) more than minimum efficient scale. B) minimum capacity. C) less than minimum efficient scale. D) minimum efficient scale.

Which of the following is NOT considered a cash item by banks?

A) U.S. Treasury bills B) deposits at other banks C) deposits at the Federal Reserve D) vault cash