When an economy begins to move from a recession to an expansion, the output gap typically
A) remains positive.
B) remains negative.
C) switches from negative to positive.
D) switches from positive to negative.
B
Economics
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A competitive firm currently produces and sells 500 units of output. Its total revenue is $6,000; the marginal cost of producing the 500th unit of output is $14.50; and the average total cost of producing the 500th unit of output is $9.50 . Is the firm maximizing its profit, or should it increase or decrease output in order to increase its profit?
Economics
Which of the following would policy makers monitor to understand personal consumption expenditures (PCEs):
A. S&P 500 Stock Index B. Consumer Price Index (CPI) C. Retail sales D. Real Gross Domestic Product (GDP
Economics