Assume a firm is operating at minimum average total cost in the short run. If there is a decrease in output it follows that:

Before the 1970s, IMF conditionality focused primarily on correcting the immediate source of the problem

Indicate whether the statement is true or false

Since interest rates for borrowing are usually higher than interest rates for savings, the intertemporal budget constraint has an inward kink for individuals that earn income now and in the future.

Answer the following statement true (T) or false (F)