Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.

Around 1910, the ______________ changed everything, including what was inside the home to where the homes were located

a. Airplane b. Radio c. Automobile d. Television

Which of the following is true of the MC curve?

a. It intersects the ATC curve at its minimum, but it does not intersect the AVC curve at its minimum. b. It intersects the AVC curve at its minimum, but it does not intersect the ATC curve at its minimum. c. It intersects both the ATC and the AVC curves at their minimums. d. It intersects both the ATC and the AFC curves at their minimums. e. It intersects both the AVC and the AFC curves at their minimums.