Real GDP
a. moves in the opposite direction as unemployment.
b. increases as production falls.
c. falls when households save a smaller fraction of their income.
d. All of the above are correct.
a
Economics
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To say that a price floor is binding is to say that the price floor
a. results in a shortage. b. is set below the equilibrium price. c. causes quantity supplied to exceed quantity demanded. d. All of the above are correct.
Economics
Which statement is true given the total cost function: Total cost = 10Q + 5Q2 + 100?
A. Total cost at Q = 4 is 120 B. Average total cost at Q = 10 is 70 C. Total cost at Q = 5 is 175 D. Average fixed cost is zero at Q = 100
Economics