Fixed costs are ________ in a natural monopoly, so average total cost ________ as output increases
A) large; increases
B) large; decreases
C) small; increases
D) small; decreases
E) nonexistent; decreases
B
Economics
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The money supply consists of:
A) currency plus reserves. B) currency plus required reserves. C) currency plus excess reserves. D) currency plus demand deposits.
Economics
Which of the following is NOT a problem in following an activist policy?
A) ineffectiveness in fiscal policy B) lags in the effects of policies C) multiplier uncertainty D) forecasting errors
Economics