Refer to the data. If the firm closed down in the short run and produced zero units of output, its total cost would be:

Neither monetary policy nor any government policy can change the natural rate of unemployment

a. True b. False Indicate whether the statement is true or false

The field of political economy applies the methods of

a. psychology to study how the economy works. b. political science to study how the economy works c. economics to study how government works. d. psychology to study how government works.