If average fixed costs equal $60 and average total costs equal $120 when output is 100, the total variable cost must be

High inflation

A) makes money function less well as a store of value. B) lowers the price level. C) leads to a more correct allocation of resources. D) decreases uncertainty. E) makes it easier to use money as a standard of account.

At the point where the disposable income line intersects the consumption function, saving:

a. equals consumption. b. equals disposable income. c. is less than zero. d. is equal to zero.