In the absence of the Ricardo-Barro effect, an increase in the government deficit results in a ________ real interest rate and a ________ equilibrium quantity of investment

Which of the statements below is primarily normative in nature?

A) There is an unequal distribution of income in the United States. B) The distribution of income is more unequal in the United States than it is in Japan. C) The inequality of income that exists in the United States is partly caused by an unequal distribution of wealth. D) The distribution of income in the United States should be more equal than it is.

Figure 7-10

In Figure 7-10, the curve labeled C is

a.
average fixed cost.

b.
average total cost.

c.
average variable cost.

d.
marginal cost.