Which investment caused the Reserve Primary Fund to incur heavy losses?

During an economic boom

A) aggregate demand exceeds aggregate supply. B) potential output exceeds quantity demanded. C) actual output exceeds potential output. D) potential output exceeds actual output.

If a firm is earning negative accounting profits, it implies

a. That the firm's economic profits are necessarily zero b. That the firm's economic profits are necessarily positive c. That the firm's economic profits are necessarily negative d. Accounting profits alone cannot determine economic profits