Refer to Figure 12-4. What is the amount of its total fixed cost?
A) $1,080 B) $1,440
C) $2,520 D) It cannot be determined.
C
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In the Keynesian cross diagram, a decrease in investment spending because companies become more pessimistic about investment profitability causes the aggregate demand function to shift down, the equilibrium level of aggregate output to ________, and
the IS curve to shift to the ________, everything else held constant. A) rise; left B) rise; right C) fall; left D) fall; right
Which of the following would be included in the calculation of gross domestic product (GDP)?
a. The value of a used automobile purchased by Jim b. The sale price of a new house purchased by Joe c. The receipt of $100 in food stamps by Sandy d. The $200 that Kurt spends on the purchase of bonds e. The amount of money that Laurie receives as unemployment benefit after losing her job