The table above gives data for the nation of Mosh. If we graphed these data, we would see that when GDP equals
A) $10 trillion, the AE curve intersects the 45° line.
B) $9 trillion, the AE curve intersects the 45° line.
C) $6 trillion, the AE curve is below the 45° line.
D) $10 trillion, the 45° line is above the AE curve.
E) $4 trillion, the AE curve intersects the 45° line.
B
Economics
You might also like to view...
When the price of a product exceeds the marginal cost of producing it, producers have a
A) consumer surplus. B) producer surplus. C) consumer shortage. D) producer shortage. E) deadweight surplus.
Economics
Compared to checks, paper currency and coins have the major drawbacks that they
A) are easily stolen. B) are hard to counterfeit. C) are not the most liquid assets. D) must be backed by gold.
Economics