In recent economic history, the U.S. federal budget was in surplus from

All else equal, if the demand for capital decreases and the supply of capital does not change, the equilibrium real rental cost of capital will ________ and the equilibrium quantity of capital will ________

A) increase; increase B) decrease; not change C) decrease; decrease D) not change; decrease

Average cost regulation of a natural monopoly does not involve: a. production at a socially inefficient level of output

b. a tendency for average total cost curves to shift upward over time. c. a subsidy. d. production at the output level at which demand intersects the average total cost curve.