For the average living standard of a nation to rise, the only thing that needs to happen is for nominal GDP to increase faster than the price level

The Fed's countercyclical policy tools to eliminate a recession include lowering:

a. the required reserve ratio, cutting the discount rate, and selling government bonds on the open market. b. the required reserve ratio, raising the discount rate, and selling government bonds on the open market. c. the required reserve ratio, raising the discount rate, and buying government bonds on the open market. d. the discount rate, cutting the discount rate, and raising the margin requirement. e. the reserve requirement, lowering the discount rate, and buying government bonds on the open market.

When a company produces 5,000 units, total costs equal $150,000 and total variable costs equal $75,000. At this level of output, what is that company average fixed cost?

A) $75,000 B) $30 C) $225,000 D) $15