Refer to the information provided in Figure 8.6 below to answer the question(s) that follow.  Figure 8.6 Refer to Figure 8.6. Curve 1 is Outdoor Equipment's

A. average variable cost curve.
B. average fixed cost curve.
C. average total cost curve.
D. marginal cost curve.

Answer: D

Economics

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The idea that creating incentives for individuals and firms to increase productivity leading to an increase in long-run aggregate supply is

A) the Ricardian equivalence theorem. B) demand-side economics. C) supply-side economics. D) consistent with crowding out.

Economics

Republicans in Congress pushed for the passage of the National Bank Act of 1863 because:

a. they wanted the executive branch to have more control over the amount of notes in circulation. b. they wanted to encourage a mild inflation in the U.S. c. they felt that the Act would reduce the temptation for weak administrations to over issue paper currency. d. they wanted to reduce the number of banks in the U.S.

Economics