A study of what manufacturers thought their average total cost curves look like revealed that most
a. believe their ATC is downward sloping
b. believe their ATC is horizontal
c. believe their ATC is upward sloping
d. believe their ATC is U-shaped
e. do not know what their ATC looks like
A
Economics
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To pay for WW I, the national debt was expanded from ___ percent of GDP at the beginning of the war to ___ percent of GDP by the end of the war
a. 1; 5 b. 2; 13 c. 3; 32 d. The national debt did not expand due to reparations payments.
Economics
Which of the following is not part of the Federal Reserve System?
a. Council of Economic Advisors. b. Board of Governors. c. Federal Open Market Committee. d. 12 Federal Reserve District Banks. e. Federal Advisory Council.
Economics