A business incurs the following costs per unit: Labor - $125/unit; Materials $45/unit and rent - $250,000/month. If the firm produces 1,000,00 . units a month, the total variable costs equal

According to the short-run Phillips curve, which of the following would result in low rates of unemployment?

A) a higher inflation rate B) weak increases in aggregate supply C) a lower inflation rate D) weak increases in aggregate demand

The Fed came about in 1913 due to Congress's desire to have a centralized bank with national control of banking

Indicate whether the statement is true or false