What is always true at the quantity at which average total cost equals average revenue?

"Demand deposits" in commercial banks are

A) assets of both the non-bank public and the banks. B) assets of the depositors and liabilities of the banks. C) liabilities of the non-bank public and of the banks. D) liabilities of the non-bank public and assets of the banks.

In terms of the price-real GDP diagram, a given expansion of the money supply will have a greater effect on prices the

a. steeper the aggregate supply curve. b. flatter the aggregate supply curve. c. higher the initial price level. d. lower the initial price level.