Increasing the federal budget deficit will contribute to increasing the federal government debt

Suppose there is a firm that has no fixed costs. At the point where marginal cost equals average variable cost,

a. fixed cost is rising b. marginal cost is rising c. average total cost is rising d. average variable cost is falling e. there is no total cost

Activists believe that

A) there is sufficient flexibility in wages and prices to allow the economy to equilibrate at full-employment Real GDP in a reasonable period of time. B) discretionary fiscal policies do not work. C) discretionary monetary policies do not work. D) fine-tuning to smooth out the business cycle is feasible.